CML4506F   TAX LAW A

Final Level, half course, first semester, two lectures per week.

9 NQF credits at NQF level 8

Convener: Associate Professor Afton Titus

Course entry requirements: All Preliminary and Intermediate Level courses to have been completed.

Course outline:

Every area of the law affects understanding and practical application of tax law. The study of tax law is therefore introduced in the final stage of the LLB curriculum. Taxation is complex because it overlays all fields of the law, draws on other disciplines, transcends national borders, affects every commercial transaction and often influences societal behaviours. This course introduces the subject of tax law. It seeks to illustrate the interrelation of tax law with other fields of law by focussing on primary themes and structural challenges faced by a tax system. In much of the coursework, the emphasis will be on the South African income tax. A selection of fundamental features of the South African income tax will be considered, mainly through critical evaluation of case law. Key jurisdictional concepts comprising the source and residence basis of income taxation will be considered. The course will analyse the statutory and jurisprudential frameworks for the determination of taxable income, including the notion of income, the distinction between capital and revenue receipts and the deductibility of expenditure and losses. At the end of this course students are expected to be able to start to identify the broader relevance and impact of tax law.

DP requirements: None

Assessment: Coursework: 30% (optional), Examination: 70%/100%.