5E+W+SIn any circumstances in which apart from this paragraph a person would—
F1(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)by virtue of [F2section 8 of ITTOIA 2005] be assessed and charged to [F3Class 4] contributions in respect of profits F4... received or receivable by him in the capacity of trustee,
such contributions shall not be payable either by him or by any other person.
Textual Amendments
F1Sch. 2 para. 5(a) and word omitted (with effect for the tax year 2012-13 and subsequent tax years) by virtue of Finance Act 2012 (c. 14), s. 222(4)(c)(i) (with s. 222(5))
F2Words in Sch. 2 para. 5(b) substituted (6.4.2005 with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 422(5)(b)(i) (with Sch. 2)
F3Words in Sch. 2 para. 5(b) substituted (with effect for the tax year 2012-13 and subsequent tax years) by virtue of Finance Act 2012 (c. 14), s. 222(4)(c)(ii) (with s. 222(5))
F4Words in Sch. 2 para. 5(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 422(5)(b)(ii), Sch. 3 (with Sch. 2)