PancakeSwap (CAKE)

Tax Questions
#1

Hello,

I recently started farming CAKE on PancakeSwap.

I wish to know - if intend on leaving it in there for 2 years, am I still required to pay Tax yearly? After all I have no intention of doing anything other than collect the free Dividends for 2 years. I will not be selling it, trading it or withdrawing it for those 2 years.

#2

The “free dividends” will be classed as Income so you’ll have to declare the dividends if you collect them.

#3

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