The UK tax authority adopts DeFi "no gain, no loss" tax treatment, and the founder of Aave calls it a major victory for users.

GateNews

PANews, November 27, reported that Aave founder Stani Kulechov stated that the UK's HMRC has published tax consultation results regarding DeFi lending and staking activities, proposing a “No Gain No Loss (NGNL)” tax treatment suggestion, meaning that when users deposit encryption assets into protocols like Aave, it is not considered a capital gains disposal. If this policy is legislated, it will greatly simplify the reporting burden for users and is seen as an important victory for DeFi users. The Aave team participated in the consultation process and advocated for the policy to reflect the economic substance of on-chain interactions.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
GateUser-0941222cvip
· 2025-11-27 17:33
Jump in 🚀
View OriginalReply0
GateUser-0941222cvip
· 2025-11-27 17:33
Hold on tight 💪
View OriginalReply0