A decision was handed down by the First-tier Tax Tribunal in a matter brought by Rupert Grint appealing a decision of HMRC concerning the infamous Harry Potter movies in which he starred. In dismissing the appeal, the FTT held that the sums which Mr Grint argued were capital, were in fact “derived substantially the whole of its value from the activities of Mr Grint”, and was “otherwise realised” as income. Barbara Belgrano (Pump Court Tax Chambers) and Dilpreet K. Dhanoa (Field Court Tax Chambers) acted for HMRC.
A copy of the decision can be found here: https://www.bailii.org/uk/cases/UKFTT/TC/2024/TC09337.html
For further information, please contact our Practice Managers