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@grahamsnumber How much do you earn from all of this? Seems to me the time would be better spent elsewhere tbh.

@heartnsoul19 Thanks, worth keeping in mind! My big returns have always been made by following the fundamentals and being patient!

@heartnsoul19 Thanks that's great feedback. I only have around £50 in liquidity, I honestly don't think it's worth the trouble with all the taxing pain!

@heartnsoul19 Yea old tax system I guess! If you're mining rig is constantly earning do you chunk these together for tax reasons? As a liquidity miner you're earning every second so that would be a lot of lines in a spreadsheet! I was also thinking if going from one token into another which is...

@heartnsoul19 Thanks, so theoretically if it's worth £100 and your income tax is 40% you'd pay £40 even if by the time you claim it it's worth £5?

@heartnsoul19 Thanks, what a headache! I own a coin called NEO which earns GAS which I only get when I download a wallet and click "claim". Would this GAS count as income tax? And am I taxed on the value of it when I earn it or claim it?

I just started providing liquidty to a DeFi pool (Flamingo on the NEO blockchain). However I'm trying to get my head around how the tax would work, these are the steps I took - which ones would create a taxable event? Convert a token into another token which have prices pegged to each other...