Nick and Christian Candy are two billionaire British property developers who can transform any property that comes into their hands into a prized real estate asset.

The brothers, each having a net worth of $1.1 billion, have been reaping millions since the mid-1990s, after they started buying homes for cheap, flipping them for a part time job, then selling them for a profit.

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The first property they developed was an apartment in Earls Court in London, which they purchased for $177,534. They sold it later on for a $72,760 profit. The candy brothers have never looked back since.

Nick and Christian now deal with the super-rich, who have more money to spare on luxury homes. In fact, the homes they're selling come equipped with concierges, health clubs, and all the other luxuries that wealthy individuals would like to possess.

Christian, however, recently got involved in the Panama Papers scandal, which revealed that his company, CPC Group, paid zero U.K. tax on a $39.3 million land deal.

The Panama Papers accused the 41-year-old of buying and selling a plot near Windsor Castle using an offshore firm.

Christian's company was set up off Guernsey in 2004 for the sake of purchasing the Parkwood Estate in Surrey in 2007. The 77-acre field was Britain's most expensive property at the time and had the planning permission to build a "stunning Palladian style" 33,000 square foot, 10-bedroom house on the said land.

However, in 2012, Christian sold the property for $39.3 million without paying a dime in taxes using an offshore company.

Until four years ago, it was totally okay not to pay U.K. tax on properties owned offshore in tax havens, and because Parkwood Estate was owned by CPC Group, Christian was not liable to pay the tax.

"It is a matter of public record that Christian Candy established the Guernsey-based company CPC Group Limited in 2004," a spokesman for the Candy brothers told The Guardian.

"The acquisition you refer to was therefore subject to the Guernsey tax regime and all appropriate taxes have been paid," the spokesman added.

Tagsnick and christian candy, candy brothers, christian candy, Panama Papers