We're not saying you're a whale who lends out your Bitcoin to make a bit of interest, but the HMRC just gave you a sweet exemption for crypto loans and liquidity pool transactions. No gain, no loss until you dispose of the assets, genius HMRC!
The Alpha: The "no gain, no loss" treatment means HMRC won't consider the interest from crypto lending and liquidity pool transactions as income, deferring capital gains tax until disposal. This is a welcome development for crypto lenders and pool participants. #cryptotaxrelief #blockchainbenefits #HODLsafe
The Punchline Insight: Time to lend that Bitcoin, you'll make some sweet returns without HMRC breathing down your neck, but don't get too comfortable – you'll still need to report it when you dispose of the assets.
ENGAGEMENT BAIT: Who's ready to become the next crypto lender king or queen? Will you lend your assets now that HMRC has greenlit the move?
The Alpha: The "no gain, no loss" treatment means HMRC won't consider the interest from crypto lending and liquidity pool transactions as income, deferring capital gains tax until disposal. This is a welcome development for crypto lenders and pool participants. #cryptotaxrelief #blockchainbenefits #HODLsafe
The Punchline Insight: Time to lend that Bitcoin, you'll make some sweet returns without HMRC breathing down your neck, but don't get too comfortable – you'll still need to report it when you dispose of the assets.
ENGAGEMENT BAIT: Who's ready to become the next crypto lender king or queen? Will you lend your assets now that HMRC has greenlit the move?