The ‘new’ Sch. A was introduced for income tax purposes from 6 April 1995 and for corporation tax purposes from 1 April 1998 (FA 1995, s. 39(1)). This introduced the concept of a ‘Schedule A business’. In short, this was a ‘business carried on for the exploitation, as a source of rents or other receipts, of any estate, interest or rights in or over land in the United Kingdom’ (FA 1995, Sch. 6, para. 28); overseas property was subject to assessment under Sch. D, Case V (see ¶702-750ff. for commentary on the schedular system).