[UK HMRC to Delay Certain Crypto Lending Capital Gains Tax Until April 2027, Affecting Approximately 700,000 People] Odaily Planet Daily News – The UK’s HM Revenue and Customs (HMRC) will, starting from April 6, 2027, apply a “no gain, no loss” treatment to certain crypto asset lending and automated market maker (AMM) liquidity pool transactions. Capital gains tax will generally be deferred until users economically dispose of the underlying crypto assets. This measure applies to individuals and trustees and will amend the Taxation of Chargeable Gains Act 1992. Under the current system, selling, exchanging, or consuming crypto assets may trigger capital gains tax, with basic rate taxpayers subject to an 18% rate and higher rate taxpayers subject to a 24% rate. HMRC stated that the policy aims to ensure fairness, with gains and losses typically being recognized when participants economically dispose of crypto assets. The change is expected to affect approximately 700,000 individuals using crypto lending or liquidity pool arrangements. The measure covers single crypto asset lending, borrowing arrangements, and automated market maker arrangements. Upon exit, the relevant treatment will only apply to the extent that users receive the same quantity of assets as initially contributed; any difference will result in taxable gains or losses.