In 2014, Shaun bought 20% of the ordinary shares of an unlisted trading company. The shares cost

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In 2014, Shaun bought 20% of the ordinary shares of an unlisted trading company. The shares cost £140,000. He owned the shares until January 2022 when he gave all the shares to a friend. On the date of the gift, the shares had a market value of £500,000 and the company's assets were valued as follows: 

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Calculate the chargeable gain, assuming that both Shaun and his friend elect that the gain arising should (as far as possible) be held-over.

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