CRYPTO61413 - Decentralised Finance: Lending and staking: Corporation Tax: Making a DeFi loan: Amount Chargeable to Corporation Tax
»Ê¹ÚÌåÓýapp miscellaneous income sweep-up provisions will only subject the return (see CRYPTO61130) received by the lender/liquidity provider and not the repayment of the principal to Corporation Tax. »Ê¹ÚÌåÓýapp repayment of the principal will be a capital transaction (see CRYPTO61620).
»Ê¹ÚÌåÓýapp return earned by the lender/liquidity provider will be a non-cash receipt. »Ê¹ÚÌåÓýapp amount to be charged under sections 979-981 CTA 2009 is the money’s worth of the receipt (see BIM100150). This will be the pound sterling value of the tokens received by the lender/liquidity provider.