Derived from 币界网, Aave founder and CEO Stani.eth stated that the UK's HMRC has published the results of its consultation on DeFi taxation, including lending and staking. A key finding is that depositing assets into Aave is not considered a disposal for capital gains tax purposes, forming a 'no gain, no loss' (NGNL) approach. This is a major win for UK DeFi users who use crypto as collateral to borrow stablecoins. Stani expressed pride in Aave Labs' involvement in the consultation, advocating for DeFi and ensuring tax treatment reflects economic reality: users do not intend to dispose of their assets when borrowing against them to meet liquidity needs. Aave fully supports this approach and hopes the changes will be reflected in UK tax law soon.
Aave Founder: UK to Treat DeFi Deposits as 'No Gain, No Loss'
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