UK to Delay Capital Gains Tax on DeFi Lending and Liquidity Pool Deposits

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 considered a taxable disposal event. Capital gains tax will instead be deferred until investors actually dispose of the assets economically. The measure, announced on Monday, 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 who use crypto loans and liquidity pools. Aave founder Stani Kulechov described the move as a "step in the right direction." (Decrypt).