293Meaning of references to carrying on a trade as a developer
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For the purposes of this Chapter—
(a)a developer is a person who carries on a trade which consists in whole or in part in the construction of buildings with a view to their sale, and
(b)an interest in a building is sold by the developer in the course of the development trade if the developer sells it in the course of the trade or (as the case may be) that part of the trade that consists in the construction of buildings with a view to their sale.