REMTAX-Property And Business Taxation

Module Provider: Real Estate and Planning
Number of credits: 10 [5 ECTS credits]
Terms in which taught: Autumn term module
Non-modular pre-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Mr Nicholas Millard


Summary module description:
The module aims to enable the students to develop an understanding of the taxation regime, particularly capital taxes as it affects the ownership of rural property and the management of businesses.

The module aims to enable the student to develop an understanding of the taxation regime as it affects the ownership of rural property and the management of businesses. The focus will be particularly on capital taxation and how valuers can assist clients in estimating the likely impact of taxation on transactions together with the extent to which existing reliefs and allowances can be applied to mitigate the impact of taxation on rural estates, farms and other businesses.

Assessable learning outcomes:
The module will enable students to
• Undertake valuations for taxation purposes
• Recognise and discuss the main principles of UK taxation
• Identify and assess the main tax measures impacting on rural business
• Recognise and evaluate the measures available to landowners and businesses to mitigate their liability to tax.
•The assessment will enable students to develop analytical skills in the context of property taxation

Additional outcomes:
The module will assist students in developing an overall awareness of strategic business and taxation measures, and will enhance students’ quantitative, analytic, presentation and report writing skills.

Outline content:
•Taxation of capital: Capital Gains Tax, Inheritance Tax and related reliefs
•Taxation of revenue: Income Tax, VAT
•Property investment/trading for tax purposes
•Tax planning, wills

Brief description of teaching and learning methods:
Seminar sessions, encouraging group discussion and participation, through guided reading.
Students will be required to submit an essay.

Contact hours:
  Autumn Spring Summer
Lectures 20
Tutorials 4
Guided independent study 76
Total hours by term 100.00
Total hours for module 100.00

Summative Assessment Methods:
Method Percentage
Written exam 75
Written assignment including essay 25

Other information on summative assessment:
Essay, guide length 2500 words (25%)
Written exam (75%)

Formative assessment methods:

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information:

Length of examination:
Two hours

Requirements for a pass:
The pass-mark for this module is 50%.

Reassessment arrangements:
Reassessment will be by the same method as for the module’s original assessment requirements, subject to variation by the Examination Board where appropriate.

Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 21 December 2016

Things to do now