MBL Seminars: Taxation of DeFi Protocols & NFTs – March 2023
Taxation of DeFi Protocols & NFTs
In the February 2022 update of their Cryptoassets Manual, HM Revenue & Customs examined borrowing and lending of cryptoassets, in particular with the use of Decentralised Finance (‘DeFi’) protocols. This new virtual classroom seminar will examine the operation of DeFi systems, with examples of some of the most important of them, and the methodology and application of HMRC in applying tax legislation to them.
Date: 14 March 2023
Time: 9.15am-12.15pm
Venue: Online
Practice Area: Trusts, Wills & Estates
Further info
It will also discuss the operation of non-fungible tokens (‘NFTs’) and the principles to be applied in their taxation. This new virtual classroom seminar will examine the operation of DeFi systems, with examples of some of the most important of them, and the methodology and application of HMRC in applying tax legislation to them. It will also discuss the operation of non-fungible tokens (‘NFTs’) and the principles to be applied in their taxation.
Topics
This live and interactive session will cover the following:
- The technology underlying DeFi protocols
- The legal principles applicable to them and their operation
- The taxation of transactions using them
- The methodology of HMRC
- NFTs and the principles to be applied in their taxation
