Uinterview · 34m
Rupert Grint Owes $2.3 Million In Back Taxes After Losing Appeal Over ‘Harry Potter’ Residuals
Grint attempted to reduce his taxable income in 2011 by establishing Clay 10 Limited, a company to which he sold his residual rights as capital. Despite this strategy, Judge Harriet Morgan ruled in favor of HMRC, stating that the residuals — primarily from TV and DVD sales of the Harry Potter films — are income and not capital.
MLive · 8h
Magic can't save 'Harry Potter' star Rupert Grint from a $2.3 million tax bill
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 income, which is subject to a much higher tax rate.
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