Registry

Module Specifications

Current Academic Year 2012 - 2013
Please note that this information is subject to change.

Module Title	Taxation
Module Code	AC551
School	DCUBS
Online Module Resources
Module Co-ordinator	Semester 1: Thomas McCluskey Semester 2: Patrick Mulcahy Autumn: Patrick Mulcahy
NFQ level	8	Credit Rating	10
Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

Description

The purpose of this module is to build advanced knowledge of Irish tax law to equip students for a career as a professional accountant and/or a tax consultant in practice. The teaching methodology is based on lectures, tutorials and problem based seminars on emerging tax issues. Specifically, students will have an advanced understanding of the principles of capital gains tax, corporation tax and capital acquisition tax and will have honed their computation skills in these areas. The module is delivered via a series of lectures, seminars and tutorials.

Learning Outcomes

1. Identify and apply the relevent taxation rules and regulations for companies
2. Describe and implement the capital gains tax rules and regulations from the perspective of individuals and companies
3. Explain the Irish inheritance and gift tax rules from the perspective of an indivdual
4. Outline and discuss key issues surrounding the legal implications associated with tax avoidance in Ireland

Workload	Full-time hours per semester
*Type*	*Hours*	*Description*
Lecture	72	3 hours of lectures per week for 24 weeks
Tutorial	20	1 hour per week for 20 weeks
Independent learning	80	Preparing tutorial questions before sessions and review of solutions afterwards
Examination	78	Direct preparation for, and completion of end of year exam
Total Workload: 250

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

Capital gains tax.
Scheme of capital gains tax, chargeable persons, definition of disposal, basic computation. Definition of assets, computation of gain/loss, inflation index rules, development land, part disposal, enhancement expenditure, time of disposal and location of assets, treatment of losses. CGT for Husband / wife, partnerships, connected persons, CGT on death; exemptions and reliefs (including principal private residence relief). Shares (including rights issues, bonus and scripts issues, Amalgamations and Reconstructions). Deferrals; Retirement relief, Acquistion of Own Shares, Section 811 Anti-avoidance as it applies to CGT..

Capital Acquisitions Tax.
Scheme and administration of CAT; Territorial Scope; Taxable Value, Valuation Rules, Valuation Date, Computation Rules, Limited Interest, Agricultural and Business Relief, Credit of Capital Gains Tax, Foreign Taxes and Double Taxation Relief..

Corporation Tax.
Basic principles, rates of tax, payment dates and self-assessment rules, Badges of trade, computation of trading income (including manufacturing income, capital allowances and treatment of grants), computation of chargeable gains and computation of total profits. Treatment of losses including relief on value basis, dividend distributions and the application of DWT. Close companies consequences and criteria for determining close company status. Groups and Consortium Relief, Capital Gain Tax Groups, The Holding Company Regime, the treatment of foreign income and double taxation relief regime..

Assessment Breakdown
Continuous Assessment	0%	Examination Weight	100%

Course Work Breakdown
Type	Description	% of total	Assessment Date

Reassessment Requirement
Resit arrangements are explained by the following categories; 1 = A resit is available for all components of the module 2 = No resit is available for 100% continuous assessment module 3 = No resit is available for the continuous assessment component
This module is category 1

Indicative Reading List