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

Odaily Planet Daily News: Her Majesty's Revenue and Customs (HMRC) has confirmed that depositing crypto assets into DeFi lending protocols and liquidity pools will no longer be considered a taxable disposal. The capital gains tax will be deferred until the investor actually economically disposes of the assets. 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).