Our current PPR was an IP from date of purchase (2003) until Nov 07 when we moved into it. the property is held 100% in my name. I believe I will be up for CGT on capital gains from date of purchase to Nov 07 (unfortunately I did not live in it at any time prior to Nov 07). We are about to spend considerable $ on landscaping/upgrades and I want to avoid having these capital improvements increasing my CGT bill. Am I correct that a valuation effective Nov 07 can be used as the "disposal cost" for CGT purposes, but that this tax will not be payable until I actually dispose of the property? Is a real estate agent valuation suitable for this purpose or does it require a professional valuer? Any suggestions/advice appreciated.