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(ii) either the person referred to in subparagraph (i) or a person connected (within the meaning of section 10) with that person incurred the expenditure on the construction or refurbishment of the building, structure or premises concerned,

(i) where a property developer is entitled to the relevant interest, within the meaning of section 269, in relation to that expenditure, and

(b) in respect of expenditure incurred on the construction or refurbishment of a building or structure or qualifying premises where such building or structure or premises is in use for the purposes of a trade, or any activity treated as a trade, carried on by the person who is entitled to the relevant interest, within the meaning of section 269, in relation to that expenditure and such trade or activity is carried on wholly or mainly—

(1) Notwithstanding any other provision of this Chapter sections 372M and 372N shall not apply—

(1) Notwithstanding any other provision of this Chapter sections 372M and 372N shall not apply—