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Sole trader to Limited Company Tax

Hi I am a sole trader with an electrical contracting business nett profits of 42k, plus I have rental property nett profits of 46k, I ended the year paying tax 46k @ 40% total tax was near 75k taking payment in account for 2012-2013, would It be more tax efficient to open 2 Limited companies for my elec and property business, as this kind of tax will cripple me. I would appreciate your proffesional opinion

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