LL4Z1      Half Unit
Business Taxation

This information is for the 2021/22 session.

Teacher responsible

Eduardo Baistrocchi


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 has a limited number of places and we cannot guarantee all students will get a place.


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


This course will have two hours of teaching content each week in Michaelmas Term, either in the form of a two hour seminar or an online lecture and one hour class. There will be a Reading Week in Week 6 of Michaelmas Term.

Formative coursework

One 2,000 word essay.

Indicative reading

Indicative reading: Loutzenhiser, Tiley’s Revenue Law; Fairpo and Salter, 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. Detailed reading lists will be provided during the course via Moodle.


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

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Important information in response to COVID-19

Please note that during 2021/22 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 differing needs of students in attendance on campus and those who might be studying online. For example, this may involve changes to the mode of teaching 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 2020/21: 15

Average class size 2020/21: 12

Controlled access 2020/21: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Communication
  • Specialist skills