UK DeFi Tax Relief Expands to 700,000 Users Starting April 2027
2026-07-14 23:04

Woofun AI reports that the UK tax authority has clarified that depositing cryptocurrency into DeFi lending protocols and liquidity pools will not constitute a taxable event. Investors are exempt from capital gains tax until an actual economic asset disposal occurs. This policy adjustment, detailed in a government paper, takes effect on April 6, 2027, amending the Income Tax Act 1992 and impacting approximately 700,000 individuals and trustees.

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