Selim Osmanoglu has been working as a Director at Helvetic Water SA an unlisted trading company in Switzerland which has an issued share capital of 100,000 1 ordinary shares. He now wants to give some money and assets to his granddaughter, Aisha, and so recently sold two tranches of stock and gave her the cash. It is nearly the end of March 2020, the shares are valued at 3.20 each and Selim would like to give the rest of his shares to Aisha. Acquisitions: 1986: 2,000 shares at 1.50 each 1991: 5,000 shares at 2.75 each 20th February 2020: 2,500 shares at 2.05 each 3rd March 2020: 2,000 shares at 1.95 each Disposals: 2nd February 2020: 3,000 shares for 2.95 each 3rd March 2020: 3,000 shares for 2.10 each Required: (a) Calculate the net taxable gain relating to the two sales of shares in 2020 without applying any tax reliefs. (4 marks) (b) Write a letter to Selim advising him of the gain that would be taxable if he transferred the final tranche of shares to his daughter as a gift and explain how his circumstances allow him to reduce the immediate capital gains tax effects of that gift. (4 marks) (maximum 120 words)