This half-paper provides an introduction to and conceptual framework for the dynamic area of tax law. The focus is on a basic understanding of how the system works rather than on the detailed rules.

The subject will be attractive to and valuable for prospective commercial and private client lawyers and, particularly, those taking the LPC. There is no area of commercial law or personal estates law that is not overlaid with important tax issues. The purpose of this course is to provide a basic understanding and appreciation of when important tax issues arise and the likely outcome.

1. Inheritance Tax (excluding trusts)
2. Income Tax general principles, total income, tax rates
3. Employment income
4. Business income
5. Capital gains tax
6. Taxation of companies and dividends
7. Tax minimisation and avoidance