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: (link through to forum contacts). If you would like information on buying licence, head to Zespri’s website here.
|2016 G3 Licence Release Group||Mark Mayston (Chair), Doug Brown, Rob Craig, Dermott Malley, Lesley McKenzie, Andrew Hill|
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.