The course deals with the fundamental building blocks, both theoretical and technical legal, of taxation of corporate finance. It focuses on debt finance but also covers aspects of equity financing. It provides thorough grounding in basic concepts like the time value of money, the deductibility of interest, and the debt/equity distinction. The course deals in depth with temporal apportionment, with taxation of discounted and deferred interest securities and with leasing finance. It introduces hybrid instruments and derivatives and structured financial products.

ATAX0303/0403/0503 Taxation of Corporations
Or Equivalent

The objectives of the course are to equip students, as tax professionals, with the necessary skills to analyse, and advise, concerning the taxation treatment of a range of financial products and structures. Because many of the existing rules are inappropriate, the course sets up an analytical framework from which a reasoned and efficient response to innovative products may be developed. An understanding of the financial framework in which the rules operate is vital to an understanding of the tax issues, and the course integrates this material with more traditional legal sources to produce a ‘law in context’ understanding of this critical taxation area.

CBD Evening Class
Flexible Learning