(1) In this section -
'conversion', in relation to a building or structure, means any work of conversion, reconstruction or renewal, into a building suitable for use for the purposes of the retailing of goods or the provision of services only within the State and includes the provision or improvement of water, sewerage or heating facilities carried out, or maintenance in the nature of repair;
'property developer' means a person carrying on a trade which consists wholly or mainly of the construction or refurbishment of buildings or structures with a view to their sale;
'qualifying expenditure', in relation to capital expenditure incurred in the qualifying period on the conversion or the refurbishment of a qualifying premises and subject to subsection (1A), means, notwithstanding section 279, the lesser of -
(a) the aggregate of all such capital expenditure, and
(i) where the person who incurred the capital expenditure is a company carrying on a trade from the qualifying premises, â‚
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