coin-img-MONADMONAD-5.28%coin-img-IRYSIRYS-5.58%coin-img-ETHETH-2.09%coin-img-BTCBTC-1.54%coin-img-UCNUCN+0.47%coin-img-SOLSOL-3.18%coin-img-XRPXRP-2.01%coin-img-USDCUSDC-0.04%coin-img-MONADMONAD-5.28%coin-img-IRYSIRYS-5.58%coin-img-ETHETH-2.09%coin-img-BTCBTC-1.54%coin-img-UCNUCN+0.47%coin-img-SOLSOL-3.18%coin-img-XRPXRP-2.01%coin-img-USDCUSDC-0.04%coin-img-MONADMONAD-5.28%coin-img-IRYSIRYS-5.58%coin-img-ETHETH-2.09%coin-img-BTCBTC-1.54%coin-img-UCNUCN+0.47%coin-img-SOLSOL-3.18%coin-img-XRPXRP-2.01%coin-img-USDCUSDC-0.04%coin-img-MONADMONAD-5.28%coin-img-IRYSIRYS-5.58%coin-img-ETHETH-2.09%coin-img-BTCBTC-1.54%coin-img-UCNUCN+0.47%coin-img-SOLSOL-3.18%coin-img-XRPXRP-2.01%coin-img-USDCUSDC-0.04%

UK Tax Authority Proposes "No Gain, No Loss" Treatment for DeFi Deposits

The UK's HM Revenue and Customs published consultation results on Nov. 27 treating deposits into Aave as not constituting a disposal for capital gains tax purposes, establishing a "no gain, no loss" approach, Aave CEO Stani.eth said. The proposed framework benefits UK DeFi users seeking to borrow stablecoins against crypto collateral. Stani.eth said the tax treatment reflects the economic reality that users borrowing against collateral for liquidity needs do not intend to dispose of their assets, and expressed support for incorporating the changes into UK tax law.
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