UK HMRC Defers Capital Gains Tax on Crypto Lending From April 6, 2027; 700,000 Users Affected

According to Odaily, the UK Tax and Revenue Office (HMRC) will apply a "no gain, no loss" treatment to certain crypto lending and automated market maker (AMM) transactions from April 6, 2027. Capital gains tax will typically be deferred until users dispose of underlying assets. The policy affects approximately 700,000 individuals using crypto lending or liquidity pool arrangements. Under current rules, selling, exchanging, or spending crypto assets can trigger capital gains tax at rates of 18% for basic taxpayers and 24% for higher-rate taxpayers. The change aims to align tax recognition with actual economic disposition of assets.
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