(d) the business for which the business property is used is carried on by the
defined relative or ancestor, whether alone or with others;
(e) the business
is intended to be carried on by the acquirer, whether alone or with others.
(2) For subsection (1) (c) (i) —
(a) the beneficiary of the trust is a
minor, and—
(i) if the business property is used to carry on a business of
primary production—the minor is a defined relative of the person creating
the trust; or
(ii) otherwise—the minor is a descendant of the person
creating the trust; and
(b) there are no other beneficiaries of the trust,
other than a person who would become a beneficiary of the trust on the death
of the beneficiary mentioned in paragraph (a) .