Key Takeaways
Depositing into DeFi lending protocols or liquidity pools no longer triggers immediate capital gains tax.
Tax liability defers until a genuine economic disposal: a sale, a swap outside DeFi, or a fiat conversion.
CARF reporting from UK platforms to HMRC began on January 1, 2026, expanding surveillance alongside the relief.
HM Revenue and Customs (HMRC) confirmed on February 12, 2026, that the UK government is advancing a No Gain, No Loss, or NGNL, tax treatment for specific decentralized finance activities covering lending and liquidity provision.
Depositing into DeFi lending protocols or liquidity pools no longer triggers immediate capital gains tax.
Tax liability defers until a genuine economic disposal: a sale, a swap outside DeFi, or a fiat conversion.
CARF reporting from UK platforms to HMRC began on January 1, 2026, expanding surveillance alongside the relief.
HM Revenue and Customs (HMRC) confirmed on February 12, 2026, that the UK government is advancing a No Gain, No Loss, or NGNL, tax treatment for specific decentralized finance activities covering lending and liquidity provision.
14 days ago
