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Becoming a Property Developer
When considering developing a block of units ensuring you get the structure right is very important. For a small (2 unit) one-off development you will likely be fine with individual or trust ownership.
If you are looking at larger developments (4 or more units), or planning on undertaking multiple developments in the future, then you need to review your structures. A excellent option is to have the property owned by a trust and the development undertaken by your development company. This structure protects your asset (the land) during the development phase, and allows access to CGT discounts should you choose to hang onto one or more of the units.
If you think this structure could suit you and your needs, then please contact Bec Mackie via email or phone to discuss further.