Dr Ian Roxan NAB7.25 and Mr Eduardo Baistrocchi NAB7.33

This course is available on the MSc in Law and Accounting, Master of Laws and Master of Laws (extended part-time study). This course is available with permission as an outside option to students on other programmes where regulations permit.

This course is capped at 30 students. Students must apply through Graduate Course Choice on LSEforYou.

The course is suitable both for those who have not studied taxation before and for those who have. It is strongly recommended for those who are studying LL4CJ Comparative Corporate Taxation, LL4CK Taxation of Corporate Transactions and who have not studied taxation previously.

This course looks at how businesses are taxed in the UK. The course focuses on the key elements of the taxation of the income of businesses, including:

corporation tax and the nature of taxes on companies
capital gains taxation
partnership taxation
tax relief for losses
taxation of dividends and other distributions
capital allowances - relief for depreciation

The course is suitable for students who are interested in taking one course in taxation, including students who have not studied taxation before. It can usefully be combined with LL4Z2 Principles of Taxation, and will be a good background course on UK business taxation for students taking Taxation of Corporate Transactions who do not yet have a sufficient background in UK taxation.

20 hours of seminars in the MT. 2 hours of seminars in the ST.

One 2,000 word essay.

Indicative reading Tiley, Revenue Law; Lee, Revenue Law Principles and Practice; Salter, Lee and Snape, Revenue Law: Text and Materials. Legislation: Tolley's Yellow Tax Handbook, or CCH The Red Book. Current editions need to be used. Detailed reading lists will be provided during the course via Moodle.

Exam (100%, duration: 2 hours) in the main exam period.

Relevant legislation may be taken into the examination room (Tolleys Yellow Tax Handbook or CCH The Red Book) if un-annotated.