Which of the following statements is least likely to lead to a conclusion that the taxpayer was undertaking the mere realisation of a capital asset?

Select one:

a.The land was sold simply by listing it with a local real estate agent.

b.The land was surplus to the taxpayer's needs in carrying on the taxpayer's manufacturing business.

c.The taxpayer developed the land to the extent necessary to get local council approval and no more.

d.The taxpayer set up their own on-site sales office to assist with the sale of the blocks of land.

e.The taxpayer continued his or her normal business activities and was not directly involved in the sale of the land.