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I am at a critical time for my site now, when i can't afford to lose any searchers. It would mean a loss of business. Am i best to wait till the rush is over? How do i do the transition without dropping out of SERPS? Is there a FAQ on this so that i don't waste the space and time when it's all been worked over before?
If i register a new domain and put the exact same pages up does Google consider this a duplicate? If so, how do i avoid penalties?
In that case BY NO MEANS change anything at this time. Why mess around with what is working at a critical time? Wait for a non-critical time. My advice would be to wait until a non-critical time. Then, as soon as the Google dance begins that month (keep checking here), slap the site up on the new domain, and then set up a permanent redirect on the old domain. Then immediately contact sites that link to you to change their link to the new one.