From taxbanter.com.au: The updated TR 2004/18 ruling clarifies the application of CGT event K6, stating that pre-CGT interests may be subject to CGT if post-CGT assets comprise over 75% of a company’s or trust’s net value at the time of disposal.

It provides a two-step method for calculating capital gains and highlights how property is interpreted for CGT purposes, as well as the interactions with other tax provisions.