QUESTION 4.2 Ethel has non-savings income for 2020/21 of 27,000. Ethel has made the following disposals during the tax year 2020/21: Sold 2,000 shares in H plc, an investment company, to her sister for 15 each when the market value was 19 each. Ethel had purchased 4,800 shares in H plc for 9,200 in June 2011. The shares were the subject of a one-for-four rights issue at 5.50 per share in March 2016. Ethel took up all of her rights. Sold a painting for 5,900 which originally cost 5,100 in March 2015. Sold 2,000 shares in S Ltd, an unquoted trading company, for their market value of 55,000. Ethel had inherited the 2,000 shares from her mother in March 2015 when the market value was 42,000. The shares cost her mother 10,000 in March 2007. S Ltd has 30,000 issued shares. Ethel has worked for S Ltd full time since she inherited the shares. Ethel has a brought forward capital loss of 2,000 at 6 April 2020. REQUIRED Calculate the capital gains tax payable by Ethel for 2020/21. Include brief explanations of the key technical points in your workings. (15 marks)