(1) In this section 'qualifying farmer' means an individual who -
(a) in the year 2004 or any subsequent year of assessment first qualifies for grant aid under the Scheme of Installation Aid for Young Farmers operated by the Department of Agriculture and Food under Council Regulation (EEC) No. 797/85 of 12 March 1985 [OJ No. L93, 30.3.1985, p.6] or that Regulation as may be revised from time to time, or
(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,
(ii) has not attained the age of 35 years at the commencement of the year of assessment referred to in subparagraph (i), and
(iii) at any time in the year of assessment so referred to satisfies the conditions set out in subsection (2), (3) or (4).
(2) The conditions required by this subsection are that the individual, referred to in the definition of 'qualifying farmer' in subsection (1), is the holder
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