Module Code - Title:

TX4204 - CAPITAL TAXATION

Year Last Offered:

2025/6

Hours Per Week:

Lecture

2

Lab

0

Tutorial

1

Other

0

Private

7

Credits

6

Grading Type:

N

Prerequisite Modules:

Rationale and Purpose of the Module:

This module is designed to provide students with an understanding of the theoretical and legal framework of capital taxation. It aims to give students a thorough understanding of the manner in which individuals taxed in the State on the disposal of assets.

Syllabus:

Introduction to Capital Gains Tax; Calculation of Capital Gains Tax; CGT Exemptions & ReliefÆs; CGT Retirement Relief; Transfer of a Business to a Company; CGT and Share Transactions CGT and Liquidation of Companies; Company Purchasing its Own Shares; Principle Private Residence Relief; CGT and Development Land; Introduction to Capital Acquisitions Tax; Basic Concepts & ReliefÆs; Business Relief; Agricultural Relief; Taxation of Trusts; Foreign Aspects; Stamp Duty.

Learning Outcomes:

Cognitive (Knowledge, Understanding, Application, Analysis, Evaluation, Synthesis)

On successful completion of this module, students should be able to: * Apply basic theoretical concepts to compute the Capital Gains liability arising in a particular scenario * Apply basic theoretical concepts to compute the Capital Acquisitions Tax liability arising in a particular scenario * Explain the issues of domicile, residence and ordinary residence * Illustrate the various territoriality issues applying to Irish CGT and CAT * Work out the various Irish Capital Taxation implications that arise with use of Trusts * Apply basic theoretical concepts to compute the Stamp Duty liability arising in a particular transaction

Affective (Attitudes and Values)

n/a

Psychomotor (Physical Skills)

n/a

How the Module will be Taught and what will be the Learning Experiences of the Students:

Module will be based on weekly lectures and the material will be a mixure of theory and practical application of Irish Capital Tax and Stamp Duty Legislation.

Research Findings Incorporated in to the Syllabus (If Relevant):

n/a

Prime Texts:

Gallery, K. (2008) Course Notes , UL Printing Service

Other Relevant Texts:

Appleby, T. and F. O'Hanlon (2008) The Taxation of Capital Gains 2008 , Irish Taxation Institute

Condon, J.F. (2008) Capital Acquisitions Tax 2008 , Irish Taxation Institute

Doyle, E. (Ed.) (2008) Irish Taxation Law and Practice , Irish Taxation Institute

Programme(s) in which this Module is Offered:

Semester(s) Module is Offered:

Module Leader:

brendan.mccarthy@ul.ie