This is the 5th edition of John Tiley's major text on revenue law. Following a familiar pattern it has been extensively revised to incorporate changes wrought by successive Finance Acts as well as the Inland Revenue's tax law rewrite. The basic structure remains the same. The book is designed for law students taking the subject in the final year of their law degree course or for more advanced courses and is intended to be of interest to all who enjoy tax law. The new edition covers the same taxes as the 4th edition, i.e. Income Tax, Capital Gains Tax, Corporation Tax and Inheritance Tax. Its sections include material on international matters and the taxation of savings; attention has also been paid to the impact of EC law. Its purpose is not only to provide an account of the rules but to include citation of the relevant literature from legal periodicals and some discussion of or reference to the background material in terms of policy, history or other country's tax systems.