ACC40930 Aviation Tax

Academic Year 2023/2024

This module will provide you with an insight into tax policy making, explaining why Ireland is a favourable location and major international hub for aircraft finance and leasing. The Aviation Tax module will address the key tax issues facing aircraft leasing companies, and students will study the core tax considerations that arise in practice in the aviation leasing sector.

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Curricular information is subject to change

Learning Outcomes:

Learning Outcomes:

Having completed this module students will be able to:

1. Understand and critique national and international tax policies surrounding the aviation sector.

2. Understand the sources of tax law.

3. Understand and apply the rules of tax jurisdiction in Ireland.

4. Explain the trading status of aircraft leasing companies drawing upon case law and revenue rulings.

5. Understand and apply the rules of corporate residence in Ireland.

6. Explain the tax treatment of, and reliefs available for, mobile workers in Ireland.

7. Understand the Irish tax system as it applies to the aircraft leasing sector, in particular as regards capital allowances and
interest deductions

8. Explain the key international taxation issues that arise in the aircraft leasing sector, in particular permanent establishments,
withholding taxes and the impact of double taxation treaties.

9. Understand taxation issues arising from changes to the international tax regime.

Indicative Module Content:

Introduction to Module

• Introduction

• Studying taxation and its importance

Topic One – Introduction to taxation

• The nature and purpose of taxation

• History of taxation

• Taxation policy – key questions

• Assessing tax policy

Topic Two – The Irish tax system - introduction

• Nature of system and taxes charged

• Sources of tax law – role of EU and OECD

• Territorial rules – taxation based on residence and source

• Rates of tax

• The meaning of “trading” for Irish tax purposes

Topic Three – The Irish tax system – residence and source taxation

• Residence, ordinary residence and domicile for Irish tax purposes

• Corporate residence and the Double Irish

• The taxation of mobile workers

Topic Four – The Irish tax system – taxation of aircraft leasing

• Corporation tax

• VAT and stamp duty

• Capital allowances

• Interest deductions

Topic Five – International taxation and aircraft leasing

• Withholding taxes

• International double taxation

• Double taxation treaties

• Permanent establishments

Topic Six – Current and future taxation issues for aircraft leasing in Ireland and abroad

• OECD Base Erosion and Profit Shifting project part 1

• OECD Base Erosion and Profit Shifting project part 2 – pillars 1 and 2

• EU rules – Anti Tax Avoidance Directive,

• EU rules – Common Consolidated Corporate Tax Base

• EU rules – Digital taxation

Student Effort Type Hours
Specified Learning Activities


Autonomous Student Learning






Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Continuous Assessment: Team Assignment Research-led teaching

Team Report, Team Presentation and Individual Reflection

Please see ‘Team Work Guidance for Students’ provided.

Throughout the Trimester n/a Standard conversion grade scale 40% No


Journal: Learning Journal
This is an individual assignment, encompassing all six topics within the module and material covered by our guest lecturers.
Please see ‘Learning Journal Guidance’ provided.
Throughout the Trimester n/a Standard conversion grade scale 40% Yes


Carry forward of passed components
Remediation Type Remediation Timing
In-Module Resit Prior to relevant Programme Exam Board
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Students will be referred to articles they are required to read throughout the course. These will either be posted on Brightspace or available in the library

Other texts

Patrick Mulcahy, Irish Taxation Law and Practice 2021-22 (Irish Taxation Institute)

Simon James and Christopher Nobes, The Economics of Taxation (Prentice Hall)

Andy Lymer and Lynne Oats, Taxation: Policy and Practice (Fiscal Publications)

Angharad Miller and Lynne Oats, Principles of International Taxation (Bloomsbury)

Vitaly S. Guzhva, Aircraft Leasing and Financing: Tools for Success in International Aircraft Acquisition and Management (Elsevier) – Chapter 13

Ronald Scheinberg, The Commercial Aircraft Finance Handbook (Routledge) – Parts 2 and 14

Rob Murphy, Aircraft Financing (Bloomsbury) – 4th Edition, Chapter 7

The above texts are available in the Campus Book Shop and in the Library.
• Available as an eBook.

In addition to the above, students are recommended to read current articles and
periodicals during the year, in particular:

Financial Times
Irish Tax Review
Accountancy Ireland
Business and Finance
British Tax Review
Fiscal Studies

These journals are available in the UCD library.

Most Sunday newspapers have a regular business/taxation advice section.

TAXFIND (Access Sponsored by KPMG)
TaxFind contains a comprehensive collection of tax related legislation, commentary, case law, seminars and Revenue documentation.

TaxFind login details
Username: 60680
Password: ucdtaxfind

Useful Websites for your research:

Lecture Offering 1 Week(s) - 0, 1, 2, 4, 5 Tues 08:30 - 10:20
Lecture Offering 1 Week(s) - 0, 1, 2, 4, 5 Tues 11:00 - 12:50

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