BrewDog co-founder James Watt has said he may delay his marriage to reality TV star Georgia Toffolo for three years, in order to avoid missing out on tax relief for investing in her raw dog food business. Posting on LinkedIn on Tuesday, the multimillionaire said his tax adviser had “dropped a bombshell” on him that could affect the couple’s wedding plans. Toffolo – best known for appearing in reality series Made in Chelsea and winning ITV’s I’m a Celebrity… Get Me Out of Here! – announced their engagement on Instagram earlier this year. But her fiancé claimed that the tax advice on his planned investment in her dog food business, Wild Pack, had left him with a decision to make regarding the Enterprise Investment Scheme. “If I marry Georgia within three years of investing, I become a ‘connected person’ under HMRC rules, and I lose the tax relief,” he explained. Watt asked his followers to vote on whether or not he should opt for “tax relief” over “love”. Offering multiple choice options, he asked his followers: “‘A) Love always wins – take the tax relief hit’ or ‘B) True love can wait for 3 years – secure the relief’.”
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