(a) Law of Personal Taxation
The general structure and administration of Income Tax and Capital Gains Tax in Nigeria and the residence rules relating to individuals and trustees for tax purposes. Jurisdiction of Federal and /State Governments over taxations of income in Nigeria. The definition ascertainment and computation of income for tax purpose in relation to income of profession or vacation, employment income and the deductions and allowance (excluding capital allowances and loss relief), which may be set against income. The rules for applying Income Tax to individuals, income from trusts and estates and residence. Uniform taxation in Nigeria and the agencies for administrative of uniformity Joint Tax Board. The definition ascertainment and computation of changeable gains and losses for Capital Gains Tax and the rules for applying Capital Gains Tax to individuals.
(b) Law of Business Taxation
The general structure and administration of Companies Income Tax and Capital Gains Tax to companies; the rules as to residence of companies partnership for tax purposes. The powers and functions of Serutioneer Committee, Body of Appeal Commissioners, Federal High Court.
The definition, ascertainment and computation of income in relation to business profits and the deduction and allowance including capital allowance and lost relief which may be set against such income. The definition, ascertainment and computation of the other types of income (in outline only).The definition, ascertainment and computation of capitalgains and the special provision of Capital Gains Tax relating to business assets.
The rules for applying Income Tax and Capital Gains Tax to partnerships, sole trade and companies. The provisions relating to ‘controlled’ Companies, Petroleum Profits Tax. Double tax relief in relation to business income and its relations to companies, partnerships and sole traders. Small companies relief and Pioneer Companies Tax relief, Tax Treaties.
Elements of the Law of Income and Capital Gains Taxations by C.N.
Beattee; Revenue Law by B. Paish
The Law of Income by Tax By GSM Wheat Croft
Income Tax Law and Insurance in Nigeria by C. S. Ola
“Spicer & Regular” Income ax and Profits (27th ed.) by Carmichael.
Butterworth’s Income Tax Use Book
British Tax Encyclopedia, Vols. 1-5