On 1 May 2006, Nigel acquired a 30-year lease for £20,000. He assigned the lease on 1 November 2020 for £75,000.

Kay purchased land in February 2012 for £20,000. She sold one-third of the land for £18,000 in March 2021 when the value of the remaining two-thirds was £60,000.

Shirley had the following dealings in the shares of Wingfield plc, a listed company:

The shares had a market value of £8 per share on 31 March 1982. No further shares were acquired during 2021.

You are required to:

(i) Calculate Nigel's chargeable gain.

(ii) Calculate Kay's chargeable gain.

(iii) Calculate Shirley's chargeable gain.

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January 1981 March 1997 November 2000 January 2011 March 2021 Bought 1 for 4 rights issue Bought 1 for 2 bonus issue Sold 4,000 shares 1,000 shares 3,000 shares 4,000 shares 7,000 shares 18,000 7,000 24,000 56,000