UK HMRC to Defer Capital Gains Tax on Certain Crypto Lending from April 2027, Affecting Approximately 700,000 People
2026-07-17 04:32
Odaily Planet Daily News: HM Revenue and Customs (HMRC) will apply a "no gain, no loss" treatment to certain crypto asset lending and automated market maker liquidity pool transactions starting 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 consuming crypto assets may trigger capital gains tax, with a rate of 18% for basic rate taxpayers and 24% for higher rate taxpayers.
HMRC states that the policy aims to be fair, ensuring that gains and losses are generally recognized when participants actually economically dispose of the crypto assets. This change is expected to affect approximately 700,000 individuals who use crypto loans or liquidity pool arrangements.
The measure covers single crypto asset lending, borrowing arrangements, and automated market maker arrangements. Upon exit, the relevant treatment will apply only to the extent that the user receives the same amount of assets as originally provided; any difference will result 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 consuming crypto assets may trigger capital gains tax, with a rate of 18% for basic rate taxpayers and 24% for higher rate taxpayers.
HMRC states that the policy aims to be fair, ensuring that gains and losses are generally recognized when participants actually economically dispose of the crypto assets. This change is expected to affect approximately 700,000 individuals who use crypto loans or liquidity pool arrangements.
The measure covers single crypto asset lending, borrowing arrangements, and automated market maker arrangements. Upon exit, the relevant treatment will apply only to the extent that the user receives the same amount of assets as originally provided; any difference will result in a taxable gain or loss.
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