i. amounts incurred before 21 November 2018, unless(1) the property was acquired after 20 November 2018 by a person or partnership, referred to in this subparagraph i as the “transferee”, from another person or partnership, referred to in this subparagraph i as the “transferor”,
(2) the transferee was either the taxpayer, or a person or partnership that does not deal at arm’s length with the taxpayer, and
(3) the transferor dealt at arm’s length with the transferee and held the property as inventory, and