In the UK, tax was charged on income falling within certain categories, which were known as "Schedules". The Schedule A rules taxed the annual profits arising from any business ("Schedule A business") carried on for the exploitation, as a source of rents or other receipts (for example, premiums), of any estate, interest or rights in or over land in the UK. However, since the enactment of the Income tax (Trading and Other Income) Act 2005, the Schedule A rules as they apply to individuals and other non-corporate entities have been rewritten in Part 3 of the Income Tax (Trading and Other Income) Act 2005. Likewise, the term "Schedule A" and the Schedule A rules have been rewritten for corporation tax purposes by Part 4 of the Corporation Tax Act 2009 for accounting periods ending on or after 1 April 2009.

For further information, see Practice note, Holding an interest in property: tax.