Module Code - Title:
TX4005
-
PERSONAL TAXATION
Year Last Offered:
N/A
Hours Per Week:
Grading Type:
N
Prerequisite Modules:
Rationale and Purpose of the Module:
The objective of this module is to give students an understanding of the Irish Income Tax System, with particular emphasis on the taxation of the individual and the unincorporated business earning a range of different income types. Students taking this module can earn eligibility for exemptions from some of the early stage exams of the professional accounting and tax bodies subject to their result in the module.
Syllabus:
This module aims to give students an understanding of the Irish Income Tax Systam, with particular emphasis on the taxation of the individual and the unincorporated business earning a range of different income types. The module examines how employment income is taxed in Ireland (including benefits-in-kind and termination payments). It covers how taxable business profits are arrived at and the reliefs and incentives offered within the tax system including capital allowances for investment in plant and equipment and motor vehicles. The taxation of passive income including dividends, rental income and investment income is examined. Issues of tax residence and domicile are outlined so students understand the range of domestic and foreign income subject to Irish tax depending on the residence and domicile status of the income earner.
Learning Outcomes:
Cognitive (Knowledge, Understanding, Application, Analysis, Evaluation, Synthesis)
On successful completion of this module, students will be able to:
Explain the theory underpinning a tax system
Describe how the Irish tax system is administered
Calculate the Irish income tax liabilities for a broad range of taxpayers with income from a variety of sources including employment income, trading income, rent, dividends and interest.
Demonstrate an understanding of the principles underpinning capital allowances using relevant case law and be in a position to compute capital allowances entitlements
Affective (Attitudes and Values)
On successful completion of this module, students will be able to:
Judge the efficacy of a tax system based on an understanding of the functions of tax
Psychomotor (Physical Skills)
N/A
How the Module will be Taught and what will be the Learning Experiences of the Students:
The material for this module is delivered through a combination of lectures and tutorials and builds up gradually with each week building on the previous week in terms of content and skill development. As such, it is essential that students keep up with the material as it is delivered. There is an obligation to assess the module through an end of semester in-hall examination as it is tied in with exemptions from both the professional accounting and tax institutes in Ireland (minimum of a 70% exam, subject to change).
Prime Texts:
Irish Tax Institute (2025)
Irish Taxation: Law and Practice 23rd Edition
, Irish Tax Institute
Other Relevant Texts:
Programme(s) in which this Module is Offered:
BACHELOR OF BUSINESS STUDIES
BACHELOR OF BUSINESS STUDIES WITH FRENCH
BACHELOR OF BUSINESS STUDIES WITH GERMAN
BACHELOR OF BUSINESS STUDIES WITH JAPANESE
BACHELOR OF BUSINESS STUDIES WITH SPANISH
Semester(s) Module is Offered:
Autumn
Module Leader:
Elaine.Doyle@ul.ie