Do I pay CGT?

Hello, I had booked an under construction flat for myself in India before moving to the UK. I have now asked the builder to cancel my booking and refund me the amount as it is still not completed. The builder is already deducting nearly 8% of what I paid as the instalments. Hence, I’m not gaining any profits. Do I still pay CGT on bringing my refunded amount to the UK? If yes, on what amount please as there is no profits gained? I am already losing 8% of what I paid.

Hi,

No, as you havent sold anything. This is merely a refund of the deposit.

Thank you.