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Paul.. no they didn't talk about GST (or I don't remember). Say beachgurl & landgurl buy an old house for 700K. They spend 800K on a 4 townhouse development. At the end each townhouse is valued at 500K. Can you please run the numbers in 'Partitioning' way? Here is a rough calculation for the...

Last Sat I learnt something called 'partitioning' at a property seminar. "Its a method used to do j.v developments so that each partner is left with say 100% of two units each rather than both owning 50% of all four each. And so I think stamp duty and cgt wont be payable as its set out from...