UK Tax Authority Announces ‘No Gain, No Loss’ Treatment for Select Crypto Transactions

The UK’s HM Revenue and Customs will introduce a “no gain, no loss” tax treatment for certain crypto lending and liquidity pool transactions from April 6, 2027. The measure defers capital gains tax until a participant makes an economic disposal of their digital assets. Expected to affect around 700,000 taxpayers and trustees, the policy aims to better align cryp...