§ 32. Mr. Ridleyasked the Chancellor of the Exchequer by what legislative authority companies which have a separate building department are regarded as contractors for the purposes of the subcontractors in the building deduction scheme.
§ Mr. Robert SheldonSection 69(3) of the Finance (No. 2) Act 1975 provides that anyone who carries on a business which includes construction operations is a contractor for the purposes of the deduction scheme. The existence of a separate building department is regarded by the Revenue as an indication that a business falls within this definition of a contractor, but it is not regarded as conclusive, and each case is looked at in the light of its particular circumstances.