Handbook

This course synthesises the general law governing the creation, and some key operational aspects, of each of partnerships, trusts and companies. Throughout, the focus is on clear understanding of general law principles, particularly those which underpin tax law principles. The relationship between partners, and between partnerships and outside parties, is examined closely. The nature of a trust is examined and the role of trustees is scrutinised. The nature of the interest of a beneficiary in a trust is also considered carefully. The course investigates the fundamental nature of corporations, the impact of the abolition of the concept of the par value of shares and the roles of the parties involved in corporations and in particular the responsibilities and duties of directors. Emphasis is placed on those issues which are important to tax law wherever applicable.