The aims of this unit are to ensure that students have a detailed understanding of the techniques of the key aspects of taxation. It will extend the students’ knowledge of the tax system, together with their ability to apply that knowledge to the issues commonly encountered by individuals and businesses in the UK. This knowledge will allow students to interpret and analyse the information provided and communicate the outcomes in a manner appropriate to the intended audience. The unit builds on previous taxation study and extends the knowledge of income tax, corporation tax, capital gains tax and inheritance tax to encompass, further overseas aspects of taxation, the taxation of trusts and additional exemptions and reliefs. This unit does not focus in detail on the numerical and computational aspects of taxation but seeks to develop a student’s ability to analyse, interpret and communicate taxation information. Computations and practical examples will be used to support explanations and client advice.