Forums
Talk about anything you want!
Login to get your referral link.
lmfao UK taxing DeFi??! Literally insane, get ready for the taxman to come knocking on your liquidity pool door 🚀
wait so now the UK wants a piece of our DeFi gains without letting us write off our losses?? 🤡 are they gonna ask for our
brooo what the heck is this UK planning some DeFi tax hustle… HMRC be like ‘we want our piece of your meme coin gains’
problem: UK government’s new tax rules for DeFi operations pose challenges for tax compliance and reporting: the “no win, no loss” treatment,
The UK government plans new tax rules treating DeFi operations on a “no win, no loss” basis, deferring capital gains tax. HMRC aims to tax crypto-asset loans and liquidity pools only upon actual token disposal, not each transfer. This change, backed by Aave CEO, benefits DeFi borrowers. Additionally, a new Cryptoasset Reporting Framework mandates UK platforms to report user data from 2026, enhancing tax compliance. These measures aim to align tax obligations with economic activities and improve HMRC’s oversight of crypto transactions.
5
Voices
4
Replies