17.4 In 2016-17, an individual has capital gains of£262,800 and allowable losses of £12,000.

He has no unrelieved capital losses brought forward from previous years. His taxable income for 2016-17 (after deduction of the personal allowance) is £24,900 and he has made no Gift Aid donations or pension contributions. Calculate his CGT liability for the year, assuming that the gains of£262,800 comprise either.

(a) a single gain of£262,800 which qualifies for entrepreneurs' relief (ER), or

(b) a single non-ER gain of£262,800 arising on the sale of shares, or

(c) a single non-ER gain of£262,800 arising on the sale ofresidential property, or

(d) an ER gain of £205,700 and a non-ER gain of £57,100 on the sale of shares, or

(e) an ER gain of £205,700 and a non-ER gain of£57,100 on residential property.