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(4) Where a trade of farming is permanently discontinued, tax shall be charged under Case IV of Schedule D for the year of assessment in which such discontinuation takes place in respect of the amount of any relevant payment which would, but for such discontinuance, be treated by virtue of subsection (3) as arising in a year of assessment or years of assessment ending after such discontinuance.

in respect of both of which the individual would be, apart from this section, chargeable to income tax on the profits or gains from farming for the year of assessment 2005 the same year of assessment, but does not include an individual who in the year of assessment 2005 that year of assessment is chargeable to income tax in respect of profits or gains from farming in accordance with subsection (5) of section 657;