George and Miles have given you better, more professional advice than you deserve from a web site. You are fortunate that they were having a discussion between themselves to a great extent. You must find yourself a tax adviser and possibly an investment adviser because I have real doubts about the advisability of your proposed actions. Investing in vacant, subdivided and ratable land is fraught with danger and seldom works. As for finding a tax adviser do not just go for someone your cousin or drinking mates say got them an xtra few thousand back each year. Remember you sign the return, the tax agent signs a disclaimer. I also believe that certain tax agents light a flag on the tax office computer. Attention you don't need.
