LL4Z1 Half Unit
Business Taxation
This information is for the 2020/21 session.
Teacher responsible
Eduardo Baistrocchi NAB.7.33
and Ian Roxan NAB 7.25
Availability
This course is available on the LLM (extended part-time), LLM (full-time) and University of Pennsylvania Law School LLM Visiting Students. 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.
Pre-requisites
The course is suitable both for those who have not studied taxation before and for those who have. It is recommended for those studying LL4AY International Tax Systems, LL4CJ Comparative Corporate Taxation or LL4CK Taxation of Corporate Transactions who have not studied taxation previously.
Course content
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:
- taxation of trading income
- corporation tax, the nature of taxes on companies and the taxation of dividends
- capital allowances - relief for depreciation
- capital gains taxation
- partnership taxation
- tax relief for losses
Teaching
This course is delivered through a combination of classes and lectures totalling a minimum of 20 hours in Lent Term. Students will usually have two additional hours in the Summer Term. This year teaching will be delivered through recorded online lectures and a mix of both in-person and online classes to accommodate students who are unable to physically be on campus. This course includes a reading week in Week 6 of Lent Term.
Formative coursework
One 2,000 word essay.
Indicative reading
Indicative reading: Loutzenhiser, Tiley’s Revenue Law; Fairpo and Salter (formerly 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.
Assessment
Exam (100%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.
Relevant legislation may be taken into the examination room (Tolley's Yellow Tax Handbook or CCH The Red Book) if un-annotated.
Important information in response to COVID-19
Please note that during 2020/21 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the situation of students in attendance on campus and those studying online during the early part of the academic year. For assessment, this may involve changes to mode of delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.
Key facts
Department: Law
Total students 2019/20: 17
Average class size 2019/20: 17
Controlled access 2019/20: Yes
Value: Half Unit
Personal development skills
- Communication
- Specialist skills
