Hi, I've got an eBay business and currently I run it under a partnership between my family (but we didn't create any partnership agreement, only ABN & GST registrations). We just lodged the 08/09 tax return ourselves (without accountant). Is it possible to vary the income distribution between different financial years? I've talked to an accountant and according to him, it's not possible and we need to create a trust if we want to do that. Is this true? If it was possible to vary the distribution, what's the advantage in setting up a discretionary trust over a partnership, other than the limited liability issue? Thank you.