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Billionaire developers Christian and Nick Candy have been taxed almost £4million for a single purchase after falling through a legal loophole.
Nick called the HM Revenue and Customs decision 'patently unfair' after the brothers were taxed twice for the purchase of a Georgian mansion in London.
Christian, 46, and Nick, 48, were both ordered to pay a stamp duty land tax (SDLT) levy of £1.92million on the west London property.
They fell victim to a law meant to prevent buyers avoiding tax by transferring ownership during the middle of a sale, The Times reported.
A tribunal backed the Government decision last month after Christian started building work on Gordon House despite not finalising the purchase - which triggered a rule that the purchase was 'substantially performed'.
Nick called the HM Revenue and Customs decision 'patently unfair' after the brothers were taxed twice for the purchase of a Georgian mansion (pictured) in London
This meant when he decided not to move in and instead gave it to his brother - who completed on the purchase - he