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Rant... /end rant

Interesting. Thanks MTR. I'll have a talk with my accountant. He has no qualms about creating more entities that he has to maintain for his clients. If you're trading, then I guess you pay profit tax, and not cgt (I.e. no cgt discount)?

I'm in a similar boat to Ace, but a few years younger. Currently at the tipping point to whether throw the towel in for work. Last few years have been a real pain dealing with difficult clients and politics. By the end of this year, all planned developments will be complete. Will end up with...