help plz

Delroy and Grant
On 10 January 2016, Delroy made a gift of 25,000 £1 ordinary shares in Dub Ltd, an unquoted trading company, to his
son, Grant. The market value of the shares on that date was £240,000. Delroy had subscribed for the 25,000 shares in
Dub Ltd at par on 1 July 2005. Delroy and Grant have elected to hold over the gain as a gift of a business asset.
Grant sold the 25,000 shares in Dub Ltd on 18 March 2016 for £240,000.
Dub Ltd has a share capital of 100,000 £1 ordinary shares. Delroy was the sales director of the company from its
incorporation on 1 July 2005 until 10 January 2016. Grant has never been an employee or a director of Dub Ltd.
For the tax year 2015–16, Delroy and Grant are both higher rate taxpayers. They have each made other disposals of assets
during the tax year 2015–16, and therefore they have both already utilised their annual exempt amount for this year.
Marlon and Alvita
On 28 March 2016, Marlon sold a house for £497,000, which he had owned individually. The house had been purchased
on 22 October 2000 for £152,600.
Throughout the period of ownership, the house was occupied by Marlon and his wife, Alvita, as their main residence.
One-third of the house was always used exclusively for business purposes by the couple. Entrepreneurs’ relief is not
available in respect of this disposal.
For the tax year 2015–16, Marlon is a higher rate taxpayer, but Alvita did not have any taxable income. This will remain
the case for the tax year 2016–17. Neither of them has made any other disposals of assets during the year.

17 What would the CGT implications have been if Delroy had instead sold the 25,000 shares in Dub Ltd himself for
£240,000 on 10 January 2016, and then gifted the cash proceeds to Grant?
(1) Entrepreneurs’ relief would have been available
(2) The CGT liability would have been paid later
(3) The cash gift would not have been a chargeable disposal
(4) The cash gift would have qualified for holdover relief
A 1 and 3
B 2 and 3
C 2 and 4
D 1 and 4