Significant investment is made by Zespri into a breeding programme that focusses on increasing returns to growers through the development of profitable new cultivars. From NZKGI’s perspective, these varieties must not only meet market requirements, they must be a suitable business proposition for growers.
NZKGI has a G3 Licence Release group who are available to answer any questions you may have on G3 Licence. Members include:
|2016 G3 Licence Release Group||Mark Mayston (Chair), Doug Brown, Rob Craig, Dermott Malley, Lesley McKenzie, Andrew Hill|
If you would like information on buying licence, head to Zespri’s website here.
Over the last few years many growers have purchased licences to grow varieties of kiwifruit. These are able to be amortised over a period of time – depending on the licence PVR (Plant Variety Right) date. Given the Psa-V issues, these licences may now be worth a lot less or may even be worthless.If the licence was acquired from Zespri or a third party then on the face of it a deduction is available for any loss on sale provided the licence was not used or available for use before 1 April 1993.
Alternatively, if the taxpayer reasonably decides the licence is worthless, a deduction for its tax book value as at the start of the income year that such a licence becomes worthless may be allowed.If the license was acquired from an associated person, we recommend that you seek specific professional advice.
Below are a range of documents outlining the specifics of variety licences.