Mick Stone disposed of the following assets during tax year 2017-18:

(1) On 19 May 2017, Mick sold a freehold warehouse for £522,000. The warehouse was purchased on 6 August 2005 for £258,000, and was extended at a cost of £99,000 du ring April 2007. In January 2011 , the floor of the warehouse was damaged by flooding and had to be replaced at a cost of £63,000. The warehouse was sold because it was surplus to requirements as a result of Mick purchasing a newly built warehouse du ring 2016. Both warehouses have always been used for business purposes in a wholesale business run by Mick as a sole trader.

(2) On 12 August 2017, Mick sold an acre of land for £81,700. He had originally purchased five acres of land on 19 May 2002 for £16 7,400. The market value of the unsold four acres of land as at 12 August 2017 was £268,000. The land has never been used for business purposes.

(3) On 24 September 2017, Mick sold 700,000 £1 ordinary shares in Rolling Ltd, an unquoted trading company, for £3,675,000. He had purchased 500,000 shares in Rolling Ltd on 2 June 2009 for £960,000. On 1 June 2014, Rolling Ltd made a 3 for 2 bonus issue. Mick has been a director of Rolling Ltd since 1 January 2009.

(4) On 19 January 2018, Mick made a gift of his en tire holding of 24,000 £1 ordinary shares in Sugar plc, a listed investment company, to his son, Keith. On that date the shares were quoted on the Stock Exchange at 698p - 710p. The shares had been purchased on 8 May 2012 for £76,800. Mick’s shareholding w as less than 1% of Sugar plc’s issued share capital, and he has never been an employee or a director of the company

Required:

(a) Assuming that no reliefs are available, calculate the chargeable gain arising from each of Mick Stone’s asset disposals during the tax year 2017-18.

(b) State which capital gains tax reliefs might be available to Mick Stone in respect of each of his dispo sals during the tax year 2017 -18, and what further information you would require in order to establish if the reliefs are act ually available and to establish any restrictions as regards the amount of relief.