Property gurus face tax investigation

Property gurus face tax investigation

Candy & Candy faces HM Revenue & Customs investigation

Companies owned by property gurus Nick and Christian Candy are being
investigated by HM Revenue & Customs.

In Candy & Candy’s accounts for year ended 30 June 2005, Nick Candy
states that HMRC is investigating the group’s tax affairs, but does not consider
this will have ‘a material effect’ on the company.

However, Candy adds that ‘the nature and complexity of the claim and possible
tax, interest and penalties that could arise means that there can be no
certainty in relation to this matter’.

The brothers are involved in high-profile projects including roles as
development managers and interior designers for the One Hyde Park residential
scheme.

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