UK government defers capital gains on certain crypto with ‘no gain, no loss’ approach
CoinTelegraph·
60-second summary
The UK government is deferring capital gains tax on certain cryptocurrencies, affecting around 700,000 people, by adopting a 'no gain, no loss' approach for crypto disposed in lending and liquidity pools. This change aims to simplify tax implications for those engaging in these activities, potentially reducing administrative burdens and associated costs.
The change in tax policy, expected to impact about 700,000 people in the UK, was related to the disposal of crypto in lending and liquidity pools.