Radcliffe buys Black Family Tree

[Steve]

--- In HPFGU-Movie at yahoogroups.com, "kchuplis" <kchuplis at ...> wrote:
>
> Dan Radcliffe purchased the Black Family Tree up for charity auction 
> along with the Stoppard piece (I think I read that right). Go Dan!
>

bboyminn:

Probably seems a bit stupid, but I wonder what the TAX implications
are to Dan buying that? He paid something like £30,000 for it, which I
think is about US$52,000, and represent nearly half of all the money
that was raised.

Leaky Cauldron article -
http://the-leaky-cauldron.org/index.php?articleID=8391

BBC Article-
http://news.bbc.co.uk/2/hi/entertainment/4739474.stm

"The star bought a short Stoppard play entitled Murder for £3,700
(US$6500) and a humorous piece on writing by Banks for £980 (US$1700)."

Lest you think this was a wild spending sprey by a impetuous teen.
Daniel wasn't actually at the auction. His mother was there and did
the bidding for him. 

- - Quote from BBC Article - - 
Radcliffe's mother Marcia Gresham bid on his behalf at the central
London auction.

She said: "This should put paid to anyone who says that Daniel doesn't
like reading.

"Daniel hasn't stopped since he read the first Harry Potter book and
he loves Iain Banks and Tom Stoppard." 

- - End Quote - -

So, back to the tax implications, I wonder if these count as
charitible donations which are usually 'tax deductable'. Sadly, when I
was young and foolish, I thought 'tax deductable' meant you could take
it off your taxes, now that I am old and wise, I realize you take it
off your income. Since Dan's income is about US$10,000,000 I'm not
sure whether $50,000 one way or the other would matter. 

I also wonder how Dan's money is held. If it is in a Trust, then
perhaps, he doesn't pay taxes until he takes the money out, or comes
of the age when he gets control of the Trust Fund. I also wonder when
the Trust come due; when Dan is 18 or perhaps when he is 21. Or
perhaps it is a staged Trust, so at various stages he gets access to
more and more of the money until he finally has it all? 

I do remember reading that 'Dan Radcliffe' is now a corporation, and
all his new earnings are funneled into that corporation. I have to
wonder what the advantages are to that?

I also wonder if the objects he purchased represents a substantial
investment. That is, is there a great and/or reasonable likelihood
that these object will appreciate in value substantial, or is it more
of a personal collector's item? 

Just curious.

Steve/bboyminn