(1) In this section -
"qualifying lease", in relation to a house, means, subject to section 53(3), a lease of the house the consideration for the grant of which consists solely of -
(a) a single payment which is, or falls to be treated as, an amount by way of rent for the purposes of Chapter VI of Part IV of the Income Tax Act, 1967, or
(b) periodic payments all of which are, or fall to be treated as, amounts by way of rent for the purposes of the said Chapter VI;
"qualifying premises" means, subject to subsections (4), (5)(a), (6) and (7) of section 53, a house -
(a) the site of which is wholly within a qualifying resort area,
(b) which is used solely as a dwelling,
(c) the total floor area of which -
(i) is not less than 30 square metres and not more than 125 square metres in the case where the house is a separate self-contained flat or maisonette in a building of two or more storeys, or
(ii) is not less than 35 square metres and not more than 125 square metres in any other case