Part 6

Relationships treated as loan relationships etc
Chapter 1

Introduction

Overview of Part
477
1
This Part deals with matters treated for some or all purposes as loan relationships or rights, payments or profits under loan relationships.
2
See, in particular—
a
Chapter 2 (relevant non-lending relationships),
aa
Chapter 2A (disguised interest),
ab
Chapter 2B (transferred income streams),
b
Chapter 3 (OEICs, unit trusts and offshore funds),
c
Chapter 4 (building societies),
d
Chapter 5 (registered societies),
e
Chapter 6 (alternative finance arrangements),
f
Chapter 6A (shares accounted for as liabilities),
g
Chapter 8 (returns from partnerships),
h
Chapter 9 (manufactured interest etc),
i
Chapter 10 (repos), and
j
Chapter 11 (investment life insurance contracts).
3
For the relationship of this Part to other Parts of this Act, see—
a
section 294(2) (which provides for references to Part 5 to be read as including references to this Part), and
b
sections 464 and 465 (relationship of Part 5 and this Part to other provisions).
S. 477(2)(aa) inserted (with effect in accordance with Sch. 24 paras. 11, 13-16 of the amending Act) by Finance Act 2009 (c. 10), Sch. 24 para. 2(2)
Words in Act substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 143 (with Sch. 5)
S. 477(2)(f) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the commencing Act) by Finance Act 2009 (c. 10), Sch. 24 paras. 2(3), 12
S. 477(2)(ab) inserted (with effect in accordance with Sch. 25 para. 10 of the amending Act) by Finance Act 2009 (c. 10), Sch. 25 para. 8(2)