The UK tax authority, HM Revenue & Customs (HMRC), said it will apply a "no gain no loss" tax treatment to cryptocurrency lending and liquidity pools starting April 6, 2027. According to the brief update carried by ChainCatcher, the change is expected to affect around 700,000 people. The notice identifies crypto lending and liquidity pool activity as the scope of the new treatment and gives a specific effective date. No additional implementation details were provided in the source text. The update was categorized under market analysis by ChainCatcher.
According to ChainCatcher, the UK tax authority HM Revenue & Customs (HMRC) said it will apply a "no gain no loss" tax treatment to cryptocurrency lending and liquidity pools starting April 6, 2027.
HMRC said the move is expected to affect about 700,000 people.
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