For taxation

1. During 2019/20, John sold and gifted the following assets: a) sold the old Factory on 10/1/2020 and purchased another replacement Factory on 20/4/2020, both used for business purposes. He is wishing to claim Rollover Relief for the gain from the sale of Factory. b) He gifted Quoted shares of ABC plc to his daughter and wishing to claim Gift Relief. c) He gifted his Factory to his daughter and wishing to claim Gift relief Explain the conditions to claim the various reliefs and connect it to the case study given above. Advise him with the reasons which gain is not eligible to claim any relief and why? (word count around 400 words)