BrewDog Founder James Watt Delays Marriage Due to Tax Implications of Investment in Georgia Toffolo's Dog Food Business

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Business Nouvelles

TAXATION,BUSINESS,INVESTMENTS

Multimillionaire entrepreneur James Watt is facing a dilemma about his upcoming marriage to reality TV star Georgia Toffolo. His investment in Toffolo's raw dog food venture could trigger a three-year delay in tax relief, forcing him to choose between love and financial planning.

James Watt, the multimillionaire co-founder of BrewDog, is considering delaying his marriage to reality TV star girlfriend Georgia Toffolo due to tax implications. Watt revealed on LinkedIn that his tax advisor advised him that investing in Toffolo's raw dog food business, Wild Pack, would require a three-year wait as an 'unconnected person' under HMRC rules. This poses a dilemma for Watt, as he has to choose between prioritizing his engagement or securing tax relief.

He jokingly asked his followers to vote on two options: 'Love always wins – take the tax relief hit' or 'true love can wait for 3 years – secure the relief'. This comes after Watt previously criticized Labour's tax policies, claiming entrepreneurs would flee the country

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