Multimillionaire Brewdog co-founder asks LinkedIn if he should delay his marriage by 3 years to save on taxes [Fortune]
NESTLE S.A S/ADR (NSRGY)
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Source: Fortune
Watt, who describes himself as “Captain and Co-Founder” of Brewdog on LinkedIn, went to the platform with a predicament for his 422,000 followers, saying his tax advisor had “dropped a bombshell” on him. Watt says he has invested in his fiancee, reality star Georgia Toffolo's, raw dog food business, Wild Pack. However, to avoid “HMRC's connected persons” rules, Watt says he would be forced to delay his marriage to Toffolo by three years to take advantage of the tax relief tied to the investment. “Now I'm facing the ultimate question,” said Watt. “Delay the wedding for 3 years and lock in the tax relief? Or forgo the tax break and marry Georgia in 2025?” He gave followers two choices in the comments, with more than 1,000 people replying to Watt. “A) Love always wins – take the tax relief hit” “B) True love can wait for 3 years – secure the relief” Watt's motivations Watt's motivations for the post, beyond the big question about how serious he is about potentially delay
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