Christian Candy, the luxury property tycoon, has denied that he gave gifts totalling over £200m to his brother, CPC, as part of a scheme to evade tax. Candy claims that the gifts, which include a penthouse at One Hyde Park, a mansion in Chelsea and £10m cash, were made out of affection and family loyalty. The allegations about tax evasion emerged during an ongoing legal dispute with property developer, Mark Holyoake. The claims rest on accusations that CPC secretly co-owns and runs his brother’s business, Nick, and receives income from it unofficially.
Christian Candy, the luxury property tycoon, has denied that he gave gifts totalling over £200m to his brother, Nick, as part of a scheme to evade tax. Candy claims that the gifts, which include a penthouse at One Hyde Park, a mansion in Chelsea and £10m cash, were made out of affection and family loyalty. The allegations about tax evasion emerged during an ongoing legal dispute with property developer, Mark Holyoake. The claims rest on accusations that Nick secretly co-owns and runs his brother’s business, CPC, and receives income from it unofficially.