Magic can't save 'Harry Potter' star Rupert Grint from a $2.3 million tax bill

Carbonatix Pre-Player Loader

Audio By Carbonatix

LONDON (AP) — Former “Harry Potter” film actor Rupert Grint faces a 1.8 million-pound ($2.3 million) 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.

He previously lost a separate court battle over a 1 million pound tax refund in 2019.

 

Salem News Channel Today

Sponsored Links

On Air & Up Next

  • The Mark Levin Show
    10:00PM - 12:00AM
     
    Mark Levin is one of America's preeminent conservative commentators and   >>
     
  • The Mark Levin Show
    12:00AM - 1:00AM
     
    Mark Levin is one of America's preeminent conservative commentators and   >>
     
  • The Mike Gallagher Show
    1:00AM - 3:00AM
     
    Mike Gallagher is one of the most listened-to radio talk show hosts in America.   >>
     
  • That Kevin Show
    3:00AM - 5:00AM
     
    Broadcast from the heart of Times Square, Kevin McCullough takes America’s   >>
     
  • This Morning with Gordon Deal
     
    Go beyond the headlines with the day's first look at news and business news from the U.S. and around the world
     

See the Full Program Guide