LL4Z1      Half Unit
Business Taxation

This information is for the 2023/24 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 is recommended for those studying LL4AY International Tax Systems and LL4AZ Taxation of Multinational Enterprises: Transfer Pricing.

This course has a limited number of places (it is controlled access) and demand is typically high. This may mean that you’re not able to get a place on this course.

Course content

The course offers a comprehensive introduction to business taxation, using United Kingdom law as a case study. It looks at how businesses are taxed in this country. 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 Winter Term and an additional two hours of teaching in the Spring Term. There will be a Reading Week in Week 6 of Winter Term.

Formative coursework

Students will have the option of producing a formative essay of 2,000 words.

Indicative reading

G. Loutzenhiser, Tiley’s Revenue Law;

A. Fairpo and D. Salter, Revenue Law: Principles and Practice;

Tolley's Yellow Tax Handbook.

E. Baistrocchi, Global Tax Hubs: Theory and Evidence, SSRN, 2022

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


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

Key facts

Department: Law School

Total students 2022/23: 19

Average class size 2022/23: 19

Controlled access 2022/23: Yes

Value: Half Unit

Guidelines for interpreting course guide information

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.

Personal development skills

  • Communication
  • Specialist skills