Harry Potter Star Rupert Grint Loses ₹18.34 Crore In Tax Case: What's His Net Worth?
Date
12/2/2024 3:20:36 AM
(MENAFN- Live Mint) Rupert Grint, best known for playing Ron Weasley in the Harry Potter films, has been ordered to pay £1.8 million ( ₹18.34 crore) in taxes after losing a legal battle with HM Revenue and customs (HMRC). The dispute stems from a 2011-12 tax return, according to the BBC.
Grint, now 36, argued that a £4.5 million payment he received from a company managing his business affairs was a capital asset and should be taxed as such. However, HMRC claimed the sum should have been treated as income and taxed at a higher rate.
In a ruling by tax tribunal judge Harriet Morgan, Grint's appeal was dismissed. The judge noted that the payment "derived substantially the whole of its value from the activities of Mr. Grint" and should be taxed as income.
The actor's legal team appealed HMRC's decision during hearings in November and December 2022 at the First-Tier Tribunal in London. Despite their efforts, the tribunal upheld HMRC's position.
This is not Grint's first tax-related legal setback. In 2019, he lost a case involving a £1 million tax return.
Grint rose to fame in 2001 when he portrayed Ron Weasley in Harry Potter and the Philosopher's Stone at the age of 12. He appeared in all eight films in the franchise, released between 2001 and 2011. Post-Harry Potter, Grint starred in films like Into the White and Knock at the Cabin and has appeared in TV series such as Servant on Apple TV+.
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