Property News · February 11, 2017

Candy brothers were 'not prepared to pay any tax', high court told


Mark Holyoake, who is seeking £132m from the billionaire tycoons, claims property business was moved offshore to evade taxThe billionaire Candy brothers moved their business offshore because they were “not prepared to pay any tax” on the profits from their luxury property developments, a former associate has claimed.Entrepreneur Mark Holyoake, a university friend of Nick Candy who fell out with the brothers over a business deal, made the allegation as he took the witness stand in the high court in London on Friday. He is bringing a £132m damages action against pair. Continue reading…

Source : theguardian.com
Read more…Candy brothers were ‘not prepared to pay any tax’, high court told