CGT On jewellery
The GOV website says:
You may have to pay Capital Gains Tax if you make a profit (‘gain’) when you sell (or ‘dispose of’) a personal possession for £6,000 or more.
If someone sold 2 watches in the same tax year with £4,000 profit each, will they need to consider their CGT position?
I would have thought you add all these sales up during the year, but the wording is singular 'a personal possession'.