John and Cristine Huge are a married couple. They disposed of the following assets during the tax year 2019/20: Jointly owned property 1) On July 2019 John and Cristine sold a classic Ferrari motor car for 34,400. The motor car had been purchased on 17 January 2008 for 27,200. 2) On 01 February 2020 John and Cristine sold a house for 381,900. The house had been purchased on 1 June 1997 for 86,000. John and Cristine occupied the house as their main residence from the date of purchase until 1 May 1999 when Cristine left to work in Exeter, John and Cristine living in rented accommodation. They returned to the house on 1 November 2000 and stayed until 1 July 2003 when Cristine left to take up a post in the USA, again John and Cristine lived in rented accommodation. They returned to the house on 1 February 2006 and stayed until 1 June 2017 when they bought a house in Nottingham and made this house as their principal private residence. John Huge 1) On 18 April 2019 John sold an antique table for 5,600. The antique table had been purchased on 27 May 2015 for 3,200. 2) On 5 May 2019 John transferred his entire shareholding of 20,000 1 ordinary shares in Bend Ltd, an unquoted trading company, to Cristine. On that date the shares were valued at 64,000. John's shareholding had been purchased on 21 June 2016 for 48,000 3) On 14 February 2020 John made a gift of 15,000 1 ordinary shares in Galatico plc to his son. On that date the shares were quoted on the Stock Exchange at 2.90 - 3.10. John had originally purchased 8,000 shares in Galatico plc on 15 June 2017 for 17,600 and he purchased a further 12,000 shares on 24 August 2017 for 21,600. John total shareholding was less than 1% of Galatico plc's issued share capital. Cristine Huge 1) On 5 May 2019 Cristine sold an antique clock for 7,200. The antique clock had been purchased on 14 June 2016 for 3,700. 2) On 7 July 2019 Angela sold 15,000 of the 20,000 1 ordinary shares in Bend Ltd that had been transferred to her from John. The sales proceeds were 62,400. Cristine has taxable income of 36,700 for the tax year 2019/20. John does not have any taxable income. Required: Compute John and Cristine's respective capital gains tax liabilities for the tax year 2019/20. John and Cristine Huge are a married couple. They disposed of the following assets during the tax year 2019/20: Jointly owned property 1) On July 2019 John and Cristine sold a classic Ferrari motor car for 34,400. The motor car had been purchased on 17 January 2008 for 27,200. 2) On 01 February 2020 John and Cristine sold a house for 381,900. The house had been purchased on 1 June 1997 for 86,000. John and Cristine occupied the house as their main residence from the date of purchase until 1 May 1999 when Cristine left to work in Exeter, John and Cristine living in rented accommodation. They returned to the house on 1 November 2000 and stayed until 1 July 2003 when Cristine left to take up a post in the USA, again John and Cristine lived in rented accommodation. They returned to the house on 1 February 2006 and stayed until 1 June 2017 when they bought a house in Nottingham and made this house as their principal private residence. John Huge 1) On 18 April 2019 John sold an antique table for 5,600. The antique table had been purchased on 27 May 2015 for 3,200. 2) On 5 May 2019 John transferred his entire shareholding of 20,000 1 ordinary shares in Bend Ltd, an unquoted trading company, to Cristine. On that date the shares were valued at 64,000. John's shareholding had been purchased on 21 June 2016 for 48,000 3) On 14 February 2020 John made a gift of 15,000 1 ordinary shares in Galatico plc to his son. On that date the shares were quoted on the Stock Exchange at 2.90 - 3.10. John had originally purchased 8,000 shares in Galatico plc on 15 June 2017 for 17,600 and he purchased a further 12,000 shares on 24 August 2017 for 21,600. John total shareholding was less than 1% of Galatico plc's issued share capital. Cristine Huge 1) On 5 May 2019 Cristine sold an antique clock for 7,200. The antique clock had been purchased on 14 June 2016 for 3,700. 2) On 7 July 2019 Angela sold 15,000 of the 20,000 1 ordinary shares in Bend Ltd that had been transferred to her from John. The sales proceeds were 62,400. Cristine has taxable income of 36,700 for the tax year 2019/20. John does not have any taxable income. Required: Compute John and Cristine's respective capital gains tax liabilities for the tax year 2019/20