In the year to 5 April 2021, Thomas More made the following disposals:

(i) A flat in a house that he had purchased on 1 December 2010 for £80,000. It had never been occupied as the main residence and had been consistently let during his period of ownership. The property had been converted into two flats in September 2011 at a cost of £32,000. The flat was sold for £142,000 on 1 December 2020 and out of this legal fees of £3,700 were paid. It was agreed that the value of the other flat was £130,000 in December 2020.

(ii) 20,000 shares which cost £111,700 in December 2011 and were sold for £150,000 in December 2020. (No shares were acquired within the next 30 days).

Required:

(a) Calculate the capital gains tax payable on the sale of the flat and the shares. There were no other chargeable disposals in the tax year and no capital losses brought forward from previous years. Assume that Mr More's taxable income for 2020-21 exceeds the basic rate limit.

(b) If you were told at the start of 2020-21 that Mr More intended making the above disposals and that his wife had capital losses of £30,000 brought forward (and did not intend to make any disposals in 2020-21) would there be any advice that you would consider giving to Thomas?