Former 'Harry Potter' film actor Rupert Grint, who played Ron Weasley, has been ordered to pay a 1.8 million pound tax bill after a legal battle with HM Revenue and Customs. The tax agency claimed Grint wrongly classified movie residuals as capital gains instead of income.
Grint was ordered to pay the money in 2019 after the U.K. tax agency said he had wrongly classed 4.5 million pounds in residuals from the movies as a capital asset rather than incomeFormer “ Harry Potter ” film actor Rupert Grint faces a 1.8 million-pound bill after he lost a legal battle with the tax authorities.
Grint, who played Ron Weasley in the magical film franchise, was ordered to pay the money in 2019 after H.M. Revenue and Customs, the U.K. tax agency, investigated his tax return from seven years earlier.The agency said Grint had wrongly classed 4.5 million pounds in residuals from the movies — money from DVD sales, TV syndication, streaming rights and other sources — as a capital asset rather than income, which is subject to a much higher tax rate.
Lawyers for Grint appealed, but after years of wrangling a tribunal judge ruled against the actor this week. Judge Harriet Morgan said the money “derived substantially the whole of its value from the activities of Mr. Grint” and “is taxable as income.” Grint, 36, starred in all eight Harry Potter films between 2001 and 2011 as the boy wizard’s best friend, and is calculated to have earned around 24 million pounds from the role.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly
Rupert Grint Harry Potter Tax Bill Legal Battle HM Revenue And Customs Capital Gains Income Ron Weasley Movie Residuals
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