About 700,000 UK investors just breathed a sigh of relief: the country’s government has officially postponed capital gains tax for crypto transactions in lending and liquidity pools, applying the principle of “no gain, no loss.” This is a major turning point for DeFi in the UK.
Previously, every time you deposited assets into a pool, a taxable event was triggered—an unbearable administrative burden. Now, tax is charged only when you truly exit a position and realize profits. This aligns with how traditional stocks are treated, removing barriers to yield farming and supporting liquidity.
The impact is clear: DeFi capital will flow into the UK, helping the country become a more competitive digital finance hub than the US or the EU. CryptoUK welcomes it, and I believe this is a smart, timely move.
But don’t get it twisted—the tax deferral is not a tax exemption. Investors still need to track their cost basis and report when closing positions. DeFi is inherently high-risk, and now it has an added layer of complex taxation. Manage risk, keep careful transaction records, and do your own research—DYOR.
#DeFi #Thuế #AnhQuốc #Crypto #PhapLy
Previously, every time you deposited assets into a pool, a taxable event was triggered—an unbearable administrative burden. Now, tax is charged only when you truly exit a position and realize profits. This aligns with how traditional stocks are treated, removing barriers to yield farming and supporting liquidity.
The impact is clear: DeFi capital will flow into the UK, helping the country become a more competitive digital finance hub than the US or the EU. CryptoUK welcomes it, and I believe this is a smart, timely move.
But don’t get it twisted—the tax deferral is not a tax exemption. Investors still need to track their cost basis and report when closing positions. DeFi is inherently high-risk, and now it has an added layer of complex taxation. Manage risk, keep careful transaction records, and do your own research—DYOR.
#DeFi #Thuế #AnhQuốc #Crypto #PhapLy
