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Proposed plans that could bring positive changes to entrepreneurs

ENTREPRENEURS usually start a business with the faith and hope that it works out as the planned.

When they decide to dispose of the business, if they have the meet the specific conditions, they could claim entrepreneur relief.

Entrepreneur relief is available where there is the material disposal of the business asset by sole traders/partners selling whole or part of their business or a company director that works for a company and has at least five per cent of the shares of the market.

The entrepreneur relief was introduced to reward the entrepreneurs for the risk they take in the start and grow their business.