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Clients need to be aware that when they sell their business and want to take advantage of the Small Business Capital Gains Tax Concessions, they do not cause an adverse result via the incorporation of restritive covenants in the Contract of Sale.
If you are looking at selling your business and the purchaser is wanting a restrictive covenant, you need to very carefully consider how the Contract of Sale is constructed.
If you wish to discuss the implications of this issue, please do not hesitate to contact our office.
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