Do you favour changes to the current DeFi tax rules?
Yes
No
Are you based in the UK?
Yes
No
Have you participated in yield generating activities (currently or in the past)?
Yes
No
Were you put off by the new HMRC DeFi guidance on the tax position?
Yes
No
Will you consider participating in future?
Yes
No
Are you still participating in yield generating activities?
Yes
No
Were you put off by the new HMRC DeFi guidance on the tax position?
Yes
No
Will you consider participating in future?
Yes
No
How much did/do you lend/stake overall across all activities?
How many different protocols/platforms did/do you use?
Which protocols/platforms did/do you use?
If you know, which of these protocols/platforms are based in the UK?
How much did/do you lend/stake on average per protocol/platform?
How frequently did/do you transact with the protocol? Ie how often do you increase or decrease the amount on tokens staked or lent?
What is the average duration of each lending/staking term?
Approx what proportion of your yield generating activities result in a change of beneficial ownership and therefore a CGT disposal under the current rules?
Tick any of the following concerns you have with the current DeFi tax rules:
Too complicated to work out if there is a change in beneficial ownership
Too expensive to seek professional advice on change in beneficial ownership
Too risky to create a CGT charge when tokens are locked away, as can’t realise funds to pay the tax
Rules too complex to understand and apply
Unfair that loss on exit cannot be carried back against gain on entry to same activity where entry in an earlier tax year
Other
Please provide any other views you want to share with HMRC on the DeFi tax rules
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