- HM Revenue & Customs will introduce a “no gain, no loss” approach for crypto lending and liquidity pool transactions, deferring capital gains tax (CGT) until the point of actual disposal.
- The new rules say single-asset crypto lending, borrowing transactions and smart contract-based AMM liquidity pools will be treated as no-gain, no-loss cases when users deposit the same type of crypto asset and receive interest or a pool interest in return.
- The measure will affect about 700,000 participants in crypto lending and liquidity pools, revising the disposal-based tax treatment for certain transactions under current CGT rates of 18% and 24%.
Forecast Trend Report by Period
HM Revenue…
