UK HMRC to postpone capital gains tax on some crypto lending from April 2027, affecting about 700,000 people
2026-07-17 04:32
Odaily Planet Daily News: The UK's HM Revenue & Customs (HMRC) will apply a "no gain, no loss" treatment to certain crypto asset lending and automated market maker liquidity pool transactions from April 6, 2027. Capital gains tax will generally be deferred until the user economically disposes of the underlying crypto assets.
This measure applies to individuals and trustees and will amend the Taxation of Chargeable Gains Act 1992. Under the current system, selling, exchanging, or spending crypto assets may trigger capital gains tax, with basic-rate taxpayers paying 18% and higher-rate taxpayers paying 24%.
HMRC stated that the policy aims to achieve fairness, with gains and losses generally recognized when participants actually economically dispose of the crypto assets. The change is expected to affect approximately 700,000 individuals who use crypto lending or liquidity pool arrangements.
The measure covers single crypto asset lending, borrowing arrangements, and automated market maker arrangements. Upon exit, the relevant treatment applies only to the extent that users receive the same quantity of assets as initially provided, with any difference resulting in a taxable gain or loss.
This measure applies to individuals and trustees and will amend the Taxation of Chargeable Gains Act 1992. Under the current system, selling, exchanging, or spending crypto assets may trigger capital gains tax, with basic-rate taxpayers paying 18% and higher-rate taxpayers paying 24%.
HMRC stated that the policy aims to achieve fairness, with gains and losses generally recognized when participants actually economically dispose of the crypto assets. The change is expected to affect approximately 700,000 individuals who use crypto lending or liquidity pool arrangements.
The measure covers single crypto asset lending, borrowing arrangements, and automated market maker arrangements. Upon exit, the relevant treatment applies only to the extent that users receive the same quantity of assets as initially provided, with any difference resulting in a taxable gain or loss.
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