BrewDog founder James Watt is contemplating delaying his wedding to I’m A Celeb star Georgia Toffolo for tax reasons. Watt, the co-founder of BrewDog, is set to marry the former Made In Chelsea star, but he may benefit financially if the wedding is postponed. The dilemma arises from the potential loss of tax relief if he invests in Toffolo’s business, WILD PACK, which sells raw dog food products in the UK.
Watt shared his predicament on social media, seeking advice from his followers. If he invests in Toffolo’s business within three years of their marriage, he could face a significant tax bill due to HMRC rules regarding ‘connected persons’. In a LinkedIn post, Watt explained the situation and asked his audience whether he should delay the wedding to secure the tax relief or proceed with the marriage.
The couple splits their time between London and Aberdeenshire, with Toffolo expressing her affection for the north-east on social media. Meanwhile, Watt stepped down from BrewDog in May after a 17-year tenure with the Scottish beer giant. The decision regarding their wedding and potential tax implications remains undecided as Watt seeks input on the matter.
In summary, BrewDog founder James Watt is facing a dilemma over potentially delaying his wedding to I’m A Celeb star Georgia Toffolo to secure tax relief for investing in her business. The couple’s future plans hang in the balance as Watt seeks advice on how to navigate the financial implications of their marriage.