UK DeFi No Gain No Loss Tax Rule: Tracking PnL and FIFO LIFO Tax Lots for Liquidity Pools
Imagine slipping your tokens into a liquidity pool on Uniswap or Aave, watching them earn yields, without the immediate sting of a capital gains tax bill. That's the promise of the UK's proposed 'no gain, no loss' (NGNL) tax rule for DeFi,...