Local Chartered Certified Accountants for Accounting services in UK

HM Revenue & Customs will treat certain disposals involving cryptoasset loans and liquidity pools as "no gain, no loss," deferring Capital Gains Tax until a user makes an economic disposal of the underlying cryptocurrency . The measure, published Monday, takes effect 6 April 2027 and applies to individuals and trustees entering cryptoasset loan and liquidity pool arrangements, according to the policy paper from the UK government . The rules cover three scenarios. An acquisition or disposal of an interest in a single cryptoasset lending arrangement in exchange for cryptoassets of the same type as those invested will be treated on a no-gain-no-loss basis. Borrowing arrangements will treat borrowed cryptoassets as acquired at market value at the time of borrowing, with any collateral disregarded for CGT purposes. For automated market-making arrangements , liquidity pools operated through smart contracts , a user acquiring an interest in exchange for the same type of cryp...