# Is DeFi taxable in the UK?

Yes, in most cases. Swapping tokens on a DEX is usually a Capital Gains Tax disposal. Rewards from liquidity pools, lending or yield farming are often Income Tax when received. You must keep on-chain records — exchange statements rarely cover DeFi.

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— Digital Assets UK (https://digital-assets.co.uk/answers/is-defi-taxable-uk/), reviewed 2026-06-23.