If I recall correctly CGT is not due on a profit on the sale of private watches. I think artwork fell in the same category?
However if you sell 20 watches on retirement let’s say, then I guess there would be some questions asked on the volume that could probably be supported that they were acquired over several decades and being sold to fund retirement.
Versus getting into the watch business and buying to sell, where the difference between the sales price and purchase cost + expenses, would be a taxable trading income.
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