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First reported by The Block
UK HMRC adopts ‘no gain, no loss’ tax treatment for crypto lending, liquidity pools

UK Scraps Crypto Lending Tax: Capital Gains Deferred Until Sale

The UK tax authority, His Majesty’s Revenue and Customs (HMRC), has officially introduced the “no gains, no loss” (NGNL) rule to reform taxation in decentralized finance (DeFi) protocols.Dubbed the…

Read the full article
2d agoen

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