Corporate finance is a portmanteau subject, covering major activities carried on by banks and companies of all descriptions, in order to raise capital, return value to shareholders, and acquire, reorganise and dispose of businesses. The Taxation of Corporate Finance course provides a specialist subject in its own right, affords insight into the role of taxation in corporate decision-making and both deepens and widens general knowledge of taxation and commercial law.

This course focuses on the UK tax treatment of debt, equity and derivative contracts. The aim of the course is to provide practical knowledge and insights into the rules and principles of corporate finance taxation and their impact on financing and investment decisions. It also aims to alert students to some of the most important theoretical debates surrounding the decision to tax corporate capital and the use of taxation as a means of regulating corporate behaviours. In particular, students will learn about the UK tax treatment of: trading and non-trading income earned through holding securities and lending money; and capital raised by issuing securities and borrowing money. Students will also acquire the ability to identify the tax implications of the most common corporate financing decisions and those corporate investment decisions that relate to shares and other financial instruments.