Section 598(1) of the Principal Act is amended in the definition of "qualifying assets" by substituting the following for paragraphs (ii) and (iii):
(I) the shares or securities, which the individual has owned for a period of not less than 10 years ending with the disposal, being shares or securities of a relevant company that is a company -
(A) which has been a trading company, or a farming company, and the individual's family company, or
(B) which has been a member of a trading group, of which the holding company is the individual's family company,
during a period of not less than 10 years ending with the disposal and the individual has been a working director of the relevant company for a period of not less than 10 years during which period he or she has been a full-time working director of the relevant company for a period of not less than 5 years, and
(II) land, machinery or plant (if any) which the individual has owned for a period of not less than 10 years ending with the
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