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Cryptopolitan
2023-04-28 07:49:03

UK Tax Authority Eyes DeFi Shake-up: Tax Rules for Lending and Staking

UK Tax Authority Eyes DeFi Shake-up: Tax Rules for Lending and Staking

The tax authority in the United Kingdom has released a consultation document that proposes changes to the way decentralized finance (DeFi) lending and staking are taxed. Currently, DeFi transactions may be considered disposals, which can result in tax outcomes that do not reflect the underlying economic substance. The proposed framework aims to address this issue … UK Tax Authority Eyes DeFi Shake-up: Tax Rules for Lending and Staking Read More »

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