BUU33730 Taxation 2 2025/26

(5 ECTS)

Lecturer:

Ciara Deane

Email: deaneci@tcd.ie 
Office Hours: By appointment

Pre-Requisite: 

BUU22530 - Introduction to Accounting
BUU33720 - Taxation I

Module Description:

The aim of this module is to provide students expand students knowledge of income tax from BUU33720 to include the tax implications for married persons (cont’d); taxation of termination payments and an understanding of the commencement and cessation income tax rules for businesses and calculate the impact of such on the overall tax liability. The module also aims to provide a detailed knowledge of Capital Gains Tax and the taxation of businesses including Corporation Tax.  A detailed understanding of technical taxation issues impacting individuals and businesses will be gained. Tax advantages and disadvantages for both individual and businesses pursuing different courses of action are examined.  Taxation issues impacting corporate entities explored include corporate residency rules, calculation of corporation tax liabilities (including the use of loss relief) and the tax implications for groups of companies.  In addition to the range of tax technical issues, the module aims to provide students with an understanding of the ethical and professional issues arising from the provision of tax advice.  This includes issues such as tax avoidance, revenue interventions/audits, appeals and disputes.

Learning Outcomes:

1. Prepare basic income tax computations which includes a knowledge of the tax treatment of married persons (cont’d) and the taxation of termination payments.
2. Understand the commencement and cessation income tax rules for businesses and calculate the impact of such on the overall tax liability.
3. Understand the detailed operation of the capital allowances regime in Ireland, the expenditure which qualifies for tax relief and how the relief is calculated.
4. Prepare tax computations for capital gains tax; Understand the reliefs available including the conditions required to avail of such reliefs and events that may trigger a clawback of the reliefs;
5. Understand the basic principles of corporation tax, including the tax residency rules for companies to aid the preparation of corporation tax computations for companies and groups with a range of income sources and the application of any reliefs available for losses
6. Understand the international aspects of certain Irish tax policies and make comparisons between Irish tax law and international equivalents and appreciate basic tax planning.
7. Understand the ethical and professional issues facing tax practitioners, including the distinction between tax evasion and tax avoidance; knowledge of the system of Revenue audits, appeals and disputes.

Relation to Degree:

This module supports the learning outcomes relevant to business students in general. It is also a pre-requisite module (in conjunction with Taxation 1 BUU33720) in attaining a professional accounting qualification. Note it is each students responsibility to confirm this with the relevant accounting bodies.

Specifically it provides a set of skills which enables students to: 

• Understand the international aspects of certain Irish tax policies and make comparisons between Irish tax law and international equivalents
• Understand the ethical and professional issues facing tax practitioners,
• Understand and apply the tax legislation to individual tax payers and businesses

Workload:

Recommended Texts/ Key Reading:

Irish Taxation: Law and Practice, 2025/26, Irish Tax Institute, 23rd Edition

General supplemental readings:        

CA Proficiency 1 Taxation 1 (ROI) 2025 – 2026 Chartered Accountants Ireland
CA Proficiency 2 Taxation 2 (ROI) 2025 – 2026 Chartered Accountants Ireland

From Boraimhe to Bit – the Art of Taxation (1st Edition), Moire O’Halloran, Irish Tax Institute

Taxation: Policy and Practice, Andy Lymer and Lynne Oats, Fiscal Publications

Additional reading material may be posted on Blackboard throughout the semester.

Student preparation for the module:

Lecture material will be available on Blackboard prior to each lecture. Students are expected to review all relevant material in advance of class. In this way students can maximise their contact hours, allowing additional critical notes to be taken. It is anticipated that this should allow the student to actively participate in lectures. Students are encouraged to research and read additional materials on each topic in their own private study time.

Students are expected to actively engage with the tutorial material and should attempt the assigned questions for in advance of each tutorial.

Attendance/participation at both lectures and tutorials is strongly recommended due to the intensive course schedule.

Course Communication:

Please note that all course related email communication must be sent from your official TCD email address. Emails sent from other addresses will not be attended to.

Students are responsible for checking Blackboard and their College email regularly to ensure they are informed of any administrative information changes and any other matters relating to the module.

Assessment:

• Group Assignment (may include an individual element) – 20%
  • Detail of the assignment to be provided during the semester
• Examination – 80%
  • Will test critical understanding and appropriate application of topics covered in the module.
    Date: TBC. This is a two hour in person exam.

REASSESSMENT:

Re-assessment involves retaking a 100% in person exam

Biographical Note:

Ciara Deane FCA, CTA AITI is a Teaching Fellow in Accounting at Trinity College Business School. Ciara is a Deloitte trained with significant taxation experience and has over 20 years’ experience as a professional taxation and accountancy lecturer with Universities, Colleges and Professional Bodies including Chartered Accountants Ireland, Irish Taxation Institute, Accounting Technicians Ireland, Trinity College Dublin, University College Dublin, Smurfit Business School and National College of Ireland.