Speaker 2
So the piece about the spouse, I think you see that quite often also when you look at the ownership structure, these small businesses, it often has been Y for husbands and Y for depending on how many people are involved. Okay. So that's some of the tax benefits. There is a
Speaker 1
point to add actually on there just for kind of completeness, and we might come onto this in a bit more detail later, but if you give employees shares through a very popular share scheme called an EMI share scheme for employees, then they don't have to have the 5%. So if you've got somebody who's only going to get 1% of your company or something like that, they might still be able to get bad relief if they're getting through an EMI scheme, but we can perhaps come onto that in detail. Okay.
Speaker 2
Interesting. Interesting. Yeah. I wanted to touch on some of those programs also. Okay. We can get into that in a moment. Okay. But that is really, really helpful, Sarah. So I guess it's difficult to think of if you're thinking of going down the acquisition route now to plan for one or two of these options, if you go down the option of having it in your own name, looking to take advantage of entrepreneur relief in maybe in three, four years time that no longer exists. Okay. That's
Speaker 1
really hard, isn't it? Because you're planning, you have to plan with the law as it is now. If I had a crystal ball for these things, then it would be great, but unfortunately none of us do. You have to plan with what's in place now, but you just keep one eye on things that change, and perhaps adjust your structuring or your planning if the law does change. Yeah.
Speaker 2
Yeah. Absolutely. It's a moving target always, right? Yeah.
Speaker 1
Particularly with a change of prime minister, obviously none of us really know what's going to happen tax wise after that. It's going to be an interesting time coming
