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The UK Will Postpone Imposing Capital Gains Tax on DeFi Lending and Deposits in Liquidity Pools
Svmuu News: The UK’s HM Revenue & Customs has confirmed that depositing crypto assets into DeFi lending protocols and liquidity pools will no longer be considered a taxable disposition, and capital gains tax will be deferred until investors actually dispose of the assets. The measure, announced on Monday, will take effect on April 6, 2027, and will amend the Capital Gains Tax Act 1992. HMRC estimates that this measure will affect approximately 700,000 individuals and trustees who use crypto lending and liquidity pools. Aave founder Stani Kulechov said the move is “a step in the right direction.” (Decrypt).
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