(1B) The requirements of this sub-paragraph are that—

1. (a) a lease of an asset is or has been granted on or after 26th November 1996;
2. (b) the lease forms part of a new scheme;
3. (c) in the case of the lease, the conditions in paragraph 3 below are or have been satisfied at some time on or after 26th November 1996 in a period of account of the current lessor; and
4. (d) the lessee is a relevant taxpayer.'.