Certain financial arrangements provide a return that is economically equivalent to interest, but in legal form is not interest. The arrangements that are brought within the loan relationships rules by virtue of Part 6 are as follows.
Legislation introduced in FA 2009 provides for interest-like returns from transactions that are not loan or treated as loans to be taxed under the loan relationships rules. This legislation is a successor to the shares as debt rules (see below). See CFM42000.