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(b) (i) first becomes chargeable to income tax under Case I of Schedule D in respect of profits or gains from the trade of farming for the year 2004 or any subsequent year of assessment,

(a) section 666(1) shall apply as if “100 per cent” were substituted for “25 per cent”, and

(a) is the holder of a qualification set out in the Table to section 667 or a qualification certified by Teagasc as corresponding to such a qualification so set out, in respect of which—

(i) satisfactory attendance at a course of training in farm management, the aggregate duration of which exceeded 80 hours, is required in order for the conditions of paragraph (b)(iii) of the definition of “qualifying farmer” in section 667(1) to be satisfied, shall be deemed to be the holder of a qualification corresponding to that set out in paragraph 3(b) of the Table, or

(ii) satisfactory attendance at a course of training is not required in order for the conditions of paragraph (b)(iii) of the definition of “qualifying farmer” in section 667(1) to be satisfied, shall be deemed to be the holder of a qualification corresponding to that set out in paragraph 2(a) of the Table,

(b) satisfies the requirements set out in paragraph (b)(iii)(II)(A) of the definition of “qualifying farmer” in section 667(1), shall be deemed to satisfy the requirements set out in subsection (3)(a), and