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.

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.

One 2,000 word essay.

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.

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