LL4CK      Half Unit
Taxation of Corporate Transactions

This information is for the 2016/17 session.

Teacher responsible

Dr Ian Roxan NAB 7.25

and others.


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 will be relevant to the following LLM specialisms: Corporate and/or Commercial Law; International Business Law; Taxation.

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


Students must have completed Comparative Corporate Taxation (LL4CJ).

Students should be familiar with the UK tax system, or have working knowledge of another system of business taxation. Otherwise, students will be expected to have taken LL4Z1 Business Taxation beforehand.

Course content

The course examines the principles governing the taxation of corporate and other business transactions. The course will take a comparative approach in examining the business tax systems of the United Kingdom and other countries. The main tax system studied will be that of the United Kingdom (primarily corporation tax together with income tax and capital gains tax), but the tax system of the United States will also be examined and typically that of Germany or another country as well. Continuing on from the topics studied in LL4CJ, this course will look in-depth a number of key advanced topics that are central to corporate taxation, such as the treatment of shares, the taxation of corporate finance, the treatment of groups of companies, and the taxation of corporate reorganisations (broadly defined).


20 hours of seminars in the LT. 4 hours of seminars in the ST.

10 weekly two-hour seminars in the Lent Term, including seminars led by national tax experts.

Formative coursework

Students are expected to submit one 2,000-word formative essay or equivalent assignment during the course.

Indicative reading

Ault et al, Comparative Income Taxation: A Structural Analysis (Kluwer, 3rd ed. Rev, 2010); Harris, Corporate Tax Law: Structure, Policy and Practice, (Cambridge Univ. Press, 2013); Gordon and Montes Manzano, Tiley & Collison's U.K. Tax Guide (current edition); Tiley and Loutzenhiser, Revenue Law (Hart, 7th ed., 2012); Tiley and Loutzenhiser, Advanced Topics in Revenue Law (Hart, 2013); Bramwell et al., Taxation of Companies and Company Reconstructions; Bittker and Eustice, Federal Income Taxation of Corporations and Shareholders; Abrams & Doernberg, Essentials of US Taxation; Tolley's Yellow Tax Handbook, or CCH The Red Book (current edition).

Detailed reading lists will be provided during the course via Moodle.

Recommended preliminary reading

Hugh Ault et al, Comparative Income Taxation (Kluwer Law International 3rd ed. 2010).


Exam (100%, duration: 2 hours, reading time: 15 minutes) in the main exam period.

Students will be assessed by a two-hour written examination in May/June.

Candidates will be permitted to take into the examination room unannotated copies of approved statutory materials.

Key facts

Department: Law

Total students 2015/16: 8

Average class size 2015/16: 8

Controlled access 2015/16: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Team working
  • Communication
  • Specialist skills