Roy Has Operated a Sole Trader Business for 14 Years

Roy has operated a sole trader business for 14 years. Roy is 56 and considering selling the business and retiring. Roy seeks your advice as to whether a building that is currently being used by the business is eligible for the CGT small business concessions. Roy advises that the building was purchased 9 years ago and was used only for rent for the first 4 years and then since 5 years ago the building has been used to operate Roy's business. Is the building an active asset?

A) No as for the first 4 years of ownership the building was not an active asset
B) Yes as for more than half the period of ownership it was used to carry on a business
C) No as an asset can only be an active asset if it was used 100% for business purposes for the whole period of ownership
D) Yes as is now being used for business purposes