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Candy Brother's Banned From Giving Or Selling Any Further Significant Assets Without Notification

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Christian Candy says lavish gifts to brother were for 'love' not tax evasion

The luxury property tycoon Christian Candy has insisted he gave his brother Nick gifts worth more than £200m out of family affection and respect for the dying wishes of their late father — and not as part of an alleged plot to evade tax. The largesse Christian handed to his business partner brother include a penthouse apartment at One Hyde Park, where Nick lives with his pop singer wife Holly Valance; the couple’s future family home, a grade II-listed mansion in Chelsea; and £10m in cash. Loans from Christian’s business empire have also been used, in part, to help Nick buy a £26m, 60-metre Italian yacht called 11-11.

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