Your aunt, Mrs Stacey Adams, is a well-known businessperson who lives in Ipswich. She has heard that you successfully passed Taxation module at the University of Essex. For this reason, she invited you to come to her house in Ipswich as she wanted you to help her calculate chargeable gain/allowable loss from the sale of each type of asset she sold during the tax year 2020-21. For this purpose, you were provided with the information below:

1.            On 14 June 2020, Mrs Adams sold a patent for £36,000. She acquired this patent on 14 June 2008 at a cost of £28,000 when it had an expected useful life of 30 years.

2.            On 22 June 2020, Mrs Adams sold a piece of antique furniture for £11,000. This furniture was a gift from your mother in February 2013 and placed in Mrs Adams’ bedroom. The market value of the furniture in February 2013 was £9,000.

3.            On 5 July 2020, Mrs Adams sold 1,200,000 £1 ordinary shares in Lakeside Limited, a private company, where she was also serving as a director since 1 May 2017. Mrs Adams received £6,000,000 from the sale of these shares. Mrs Adams had initially purchased 800,000 shares on 8 July 2011 for £4,000,000, before receiving a further 400,000 shares on 3 October 2012 through a 1 for 2 bonus issue.

4.            On 25 July 2020, Mrs Adams sold a holiday cottage that she owned in Southend for £800,000. She purchased this cottage on 11 January 2004 after paying £500,000. In August 2010, she added a heated swimming pool at a cost of £100,000. In April 2020, Mrs Adams incurred £3,000 to repaint the cottage. Mrs Adams decided to sell this cottage after acquiring another one, in October 2019, in Windsor where she hoped to earn more income from Legoland visitors.

5.            On 1 August 2020, Mrs Adams sold an oil painting for £8,200. She bought this painting at an auction two years earlier for £6,500.

6.            On 5 September 2020, Mrs Adams sold a copyright for £60,000. The copyright had been valued at £51,600 on 5 September 1982. Mrs Adams had acquired the copyright on 5 September 1980 at a cost of £48,000, when it had an expected useful life of 45 years.

7.            Mrs Adams had a set of eight outdoor dining chairs which she bought five years earlier for £1,000. On 10 September 2020, Mrs Adams sold four of the chairs to her friend, Mr Chris Brown for £4,500. On 1 October 2020, Mrs Adams sold the remaining chairs to Mr. Andrew Parker, Mr Chris Brown’s brother, for £4,500.

8.            On 10 October 2020, Mrs Adams sold some of her antique furniture that was occupying the living room in her house for £160,000. Mrs Adams had purchased these antiques together with others at an antique shop eleven months earlier, where she paid £320,000. The market value of the remaining antiques in the living room is estimated to be £640,000. All these antiques are a private collection and are kept at her family home.

9.            On 11 January 2021, Mrs Adams transferred all her 50,000 50p ordinary shares in New Canterbury Limited to her son, Greg. New Canterbury Limited is a listed trading company whose shares were traded for £15 on 11 January 2021. Mrs Adams had purchased the shares for £450,000 on 8 January 2013. The total shares held by Mrs Adams constituted 4% of the total shares of New Canterbury Limited. Mrs Adams did not hold any position in the company.

Required: Calculate Mrs Adams’s chargeable gain/allowable loss from the sale of each type of asset sold during the tax year 2020-21. You should assume that no reliefs are applicable.