HMRC Tax Info
Rule change
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New Capital Gains Tax rules for cryptoasset loans and liquidity pools

Published by HMRC checked

HMRC has introduced new rules that defer Capital Gains Tax on certain cryptoasset transactions involving loans and liquidity pools until an economic disposal occurs.

HMRC has announced new Capital Gains Tax treatment for certain disposals involving cryptoasset loans and liquidity pools. The new measure will defer Capital Gains Tax in certain circumstances until an economic disposal of the cryptoasset takes place. The rules apply to three specific scenarios: - Single cryptoasset lending arrangements - Single cryptoasset borrowing arrangements - Automated market making arrangements This change affects how Capital Gains Tax is calculated and when it becomes due on these types of cryptoasset transactions. For questions about this measure, taxpayers can contact HMRC at digitalassets@hmrc.gov.uk. Read the full guidance on GOV.UK for complete details about how these new rules apply.

Read the full guidance on GOV.UK

Independent guidance. Not affiliated with HMRC or GOV.UK.

HMRC Tax Info is independent guidance, not tax, legal or financial advice, and is not affiliated with, endorsed by, or connected to HMRC or GOV.UK. Always check GOV.UK or speak to a qualified accountant or tax adviser for your own circumstances.