ca) Mr Phad (a married man, aged 67) undertook the following transactions during the tax year: 1. Gave an antique ring, worth 50,000 to his wife in May 2020. He acquired the ring from his mother, on her death in August 2003, when its probate value was 10,000. ii. In February 2021 he sold an antique painting to his son for 5,000. He had acquired the painting in January 2009 at auction for 2,500. In January 2021 he had considered selling it at auction, being advised by the auction house that it could reasonably be expected to fetch 10,000. ill. In March 2021 he sold (through his broker) his entire holding of shares in Caroli plc (a listed company) for 2,000. The shares had been acquired in a single acquisition in March 2003 for 20,000. Total broker costs of selling the shares were 200. Required: State Mr Phad's capital gains tax position for 2020/21 on the basis he has not used any available reliefs elsewhere in the tax year. ca) Mr Phad (a married man, aged 67) undertook the following transactions during the tax year: 1. Gave an antique ring, worth 50,000 to his wife in May 2020. He acquired the ring from his mother, on her death in August 2003, when its probate value was 10,000. ii. In February 2021 he sold an antique painting to his son for 5,000. He had acquired the painting in January 2009 at auction for 2,500. In January 2021 he had considered selling it at auction, being advised by the auction house that it could reasonably be expected to fetch 10,000. ill. In March 2021 he sold (through his broker) his entire holding of shares in Caroli plc (a listed company) for 2,000. The shares had been acquired in a single acquisition in March 2003 for 20,000. Total broker costs of selling the shares were 200. Required: State Mr Phad's capital gains tax position for 2020/21 on the basis he has not used any available reliefs elsewhere in the tax year