27(1)For the purposes of this Part of this Schedule “new expenditure” means—U.K.
(a)expenditure incurred on or after the first relevant date, and
(b)expenditure incurred before that date to which sub-paragraph (2) applies,
and expenditure that is not new expenditure is “old expenditure”.
(2)This sub-paragraph applies to expenditure if—
(a)it is incurred under an agreement for the provision of a car entered into after 8 December 2008, and
(b)under that agreement the car is not required to be made available before the second relevant date.
(3)For the purposes of sub-paragraph (2) an agreement is entered into on the date on which the following conditions are met—
(a)there is a contract in writing for the provision of the car,
(b)the contract is unconditional or, if it is conditional, the conditions have been met, and
(c)no terms remain to be agreed.