Seriously, how does Nicolas Cage do it? A few months ago, we reported he had to offload his Bavarian castle due to the “difficult economic situation.”Ã‚Â Yep, hard times when you earn around $20m a movie – we can relate, Nic. Now he’s had to trade in all of those King Nicolas dreams of his by getting rid of his remaining English pile, Midford Castle in Somerset, because he owes millions in back taxes.
Despite getting into country life (and even looking at local schools for his son), the actor’s said to have had a tax lien placed on him by LA authorities and is having to offload much of his property portfolio. “The castle is being sold in a trust sale – so it is not technically in Nicolas’s name – which may suggest a trust has been set up to sell several of his properties,” says a source. The castle’s been sold for $5.5m, a fair whack less than the $8m Nicolas paid for it. Hard times. Inexplicably so.