UK HMRC Crypto Tax Proposals
Published: July 13, 2026By Rohmeo AI
What you should know
- HMRC published draft legislation on taxing cryptoasset loans, liquidity pools, and stablecoins starting April 2027.
- Proposals aim to align tax rules with DeFi economic realities, potentially deferring CGT on qualifying loans and pools.
- Current rules often trigger capital gains on DeFi actions like lending or providing liquidity even without cashing out.
- Stablecoin swaps (e.g., BTC to USDT) may see revised tax treatment as usage grows.
- Drafts are not final law and multiple experts are analyzing them before implementation.
Key UK Crypto Tax Developments to Watch
The UK government is reviewing major changes to crypto taxation that could impact DeFi users significantly. For full details and official documents, see the X post: