The UK will defer capital gains tax on DeFi lending and liquidity pool deposits

Odaily Odaily Planet Daily News: The UK's HM Revenue & Customs (HMRC) has confirmed that depositing crypto assets into DeFi lending protocols and liquidity pools will no longer be treated as a taxable disposal, and capital gains tax will be deferred until the investor makes an actual economic disposal of the assets. Announced on Monday, this measure will take effect on April 6, 2027, and will amend the Taxation of Chargeable Gains Act 1992. HMRC estimates that the measure will affect approximately 700,000 individuals and trustees using crypto loans and liquidity pools. Aave founder Stani Kulechov stated that this move is a "step in the right direction." (Decrypt).