Zoe's capital gains tax (CGT) liability for the tax year 2018/19 is calculated as follows: Gain £ Ordinary shares in Minor Ltd 98400 Ordinary shares in Major plc 44100 Annual exempt amount (11700) 130800 CGT: £10600×10% 1060 £120200×20% 24040 25100 Minor Ltd is an unlisted trading company with an issue share capital of 200000 ordinary shares. Zoe has been a director of this company since 1 April 2012. On 20 June 2018, Zoe sold 20000 of her holding of 45000 ordinary shares in Minor Ltd. She had originally purchased 22500 shares on 15 August 2017 for £117000. On 12 December 2017, Minor Ltd made a 1 for 1 rights issue. Zoe took up her allocation under the rights issue in full, paying £7.40 for each new share issued. Major plc is a listed trading company with an issued share capital of 2000000 £1 ordinary shares. Zoe has been an employee of Major plc since 1 Novermber 2017 when she acquired 16000 ordinary shares in the company. On 6 March 2019, Zoe sold her entire holding of ordinary shares in Major plc to her son for £152000. On that date, shares in Major plc were quoted on the stock exchange at £9.62~£9.74. Zoe will not make any other disposals in the foreseeable future, and her taxable income will remain unchaged. Why did neither of Zoe's share disposals during the tax year 2018/19 qulify for entrepreneurs' relief? Minor Ltd Major plc A. Size of shareholding Size of shareholding B. Holding period Holding period C. Holding period Size of shareholding D. Size of shareholding Holding period What cost figure will have been used in calculating the chargeable gain on Zoe's disposal of 20000 ordinary shares in Minor Ltd? A. £126000 B. £104000 C. £148000 D. £252000 What proceeds figure will have been used in calculating the chargeable gain on Zoe's disposal of 16000 ordinary shares in Major plc? A. £152000 B. £155840 C. £153920 D. £154880 If Zoe had delayed the sale of her 16000 ordinary shares in Major plc until 6 April 2019, By how long would the related CGT liability have been deferred? A. 11 months B. 12 months C. 1 month D. 6 months Assuming that the tax rates and allowances for the tax year 2018/19 continue to apply, how much CGT would Zoe have saved if she had delayed the sale of her 16000 ordinary shares in Major plc until the following tax year? A. £1060 B. £4460 C. £3400 D. £2340