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(II) where the asset consists of new shares in a company connected (within the meaning of section 10) with the employer, or rights in respect of such shares, issued by the connected company, the market value of those shares or rights, as the case may be, at the time of the transfer,

(i) a calculation is made of the amount of a person’s profits or gains to be charged to tax under Case I or II of Schedule D for a chargeable period beginning on or after 3 February 2005, and

“chargeable period” has the same meaning as in section 321;

(c) under Part 17, or

(d) under Part 30.