New HMRC guidelines, this look to be only around loans and borrowing in Defi, not any kind of other staking such as governance tokens.
How will this effect 21/22 tax year ? Is Koinly updating any of its systems ?
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It looks like UK DeFi Tax on Loans, Mining & Staking | Koinly has been slightly modified according to the new regulation. I’m afraid the new guidelines also affect staking and farming overall.
However, it doesn’t look like koinly changed the way Liquidity In/Out and Sent to Pool / Received From Pool works. Will it be changed so that such events work as disposal / acquisition, please?
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A new Discord was created to lobby against the new guidelines: https://discord.gg/wDFEXJkk
There is still hope this can be reverted.
However, I would recommend koinly to add an option to enable/disable disposal/acquisition when Sent to Pool / Received from Pool.
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