(1) A lease shall not be a qualifying lease for the purposes of section 66, 67 or 68 if the terms of the lease contain any provisions enabling the lessee or any other person, directly or indirectly, at any time to acquire any interest in the house to which the lease relates for a consideration which is less than that which might be expected to be given at that time for the acquisition of the interest if the negotiations for that acquisition were conducted in the open market at arm's length.
(2) A house shall not be a qualifying premises for the purposes of section 66, 67 or 68 if it is occupied as a dwelling by any person who is connected with the person who is entitled, in relation to the expenditure incurred on the construction of, conversion into, or, as the case may be, refurbishment of, the house, to a deduction under section 66(2), 67(4) or 68(2), as the case may be, and the terms of the qualifying lease in relation to the house are not such as might have been expected to be