LL4Z1      Half Unit
Business Taxation

This information is for the 2016/17 session.

Teacher responsible

Dr Ian Roxan NAB.7.25

and Mr Eduardo Baistrocchi NAB.7.33


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 studying 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

The course is suitable for students who are interested in taking one course in taxation, including students who have not studied taxation before. It will be a good background course on UK business taxation for students taking LL4CJ Comparative Corporate Taxation or LL4CK Taxation of Corporate Transactions who do not previously have a sufficient background in UK taxation.


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

There will be a reading week in Week 6 of the MT.

Formative coursework

One 2,000 word essay.

Indicative reading

Indicative reading: Tiley and Loutzenhiser, 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, reading time: 15 minutes) in the main exam period.

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

Key facts

Department: Law

Total students 2015/16: 20

Average class size 2015/16: 19

Controlled access 2015/16: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Communication
  • Specialist skills

Course survey results

(2012/13 - 2014/15 combined)

1 = "best" score, 5 = "worst" score

The scores below are average responses.

Response rate: 61%



Reading list (Q2.1)


Materials (Q2.3)


Course satisfied (Q2.4)


Lectures (Q2.5)


Integration (Q2.6)


Contact (Q2.7)


Feedback (Q2.8)


Recommend (Q2.9)