Hi answerpls,
Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.
The trading income allowance of £1000 applies if you are self employed and disposing of stock to make a profit, it is not part of capital gains.
With capital gains, you have an annual exempt allowance in the current tax year of £3000.
Have a look at
Capital Gains Tax for more information.
Thank you.