You have been consulted by Mr Christopher Rodrigues on two matters relating to capital gains tax. Extracts from his letter to you are: "On 31 January 2021, I sold my shares in Fledgeby plc, a listed company. I had acquired them as follows:

I also took up a 1 for 4 rights issue at £3.50 per share on 31 May 2019. The shares were all sold for £38,000 on 31 January 2021 and I do not intend to buy any shares in the company in the future.
Also on 31 January 2021, I sold for £200,000 a plot of land that I had acquired in January 1980 for £10,000. A friend has told me that the gain might be either a capital gain or a trading profit. But, as capital gains and trading profits are both taxed, it doesn't really matter which way it is dealt with."

Required:

(a) Calculate the chargeable gain arising on the sale of the shares in Fledgeby plc.

(b) Do you agree with the statement of the other taxation practitioner? Draft brief notes that will form the basis of the letter that you will write to Mr Rodrigues.

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1 January 2010 19 June 2011 31 December 2017 11 August 2020 1,000 shares cost 4,200 shares cost 2,950 700 1,200 shares cost 5,620 400 shares cost 2,100