Andrew sold a business asset to his sister, Victoria, for £130,000, in June 2020 when the market value was £150,000. He had bought the asset in May 2014 for £120,000. Andrew and Victoria elected to hold over the gain. In May 2021, Victoria sold the asset for £180,000. 

a) Determine Andrew’s chargeable gain on the disposal. Assume that any available reliefs are claimed. 

b) Calculate Victoria’s chargeable gain on the sale of the asset.