In the year to 5 April 2024, Thomas More made the following disposals:

(i) A flat in a house that he had purchased on 1 December 2013 for £80,000. It had never been occupied as the main residence and had been consistently let during his period of ownership. The property had been converted into two flats in September 2014 at a cost of £32,000. The flat was sold for £142,000 on 1 December 2023 and out of this legal fees of £3,700 were paid. It was agreed that the value of the other flat was £130,000 in December 2023.

(ii) 20,000 shares which cost £111,700 in December 2014 and were sold for £150,000 in December 2023. (No shares were acquired within the next 30 days).

Required:

(a) Calculate the capital gains tax payable on the sale of the flat and the shares. There were no other chargeable disposals in the tax year and no capital losses brought forward from previous years.
Assume that Mr More's taxable income for 2023-24 exceeds the basic rate limit.

(b) If you were told at the start of 2023-24 that Mr More intended making the above disposals and that his wife had capital losses of £35,000 brought forward (and did not intend to make any disposals in 2023-24) would there be any advice that you would consider giving to Thomas?