Gisborne District Council v Bushmere Trust - [2022] 3 NZLR 950

Local government — Rating — Valuation of land inclusive of plant variety right — Kiwifruit orchard — “Capital value” — Whether value of gold kiwifruit licence should be included in capital value of property — Capital value proxy for fair market value — Gold kiwifruit orchards selling at higher value than green kiwifruit orchards — Whether capital value enhanced by licence — Licence in practice running with land — Rating Valuation Rules 2008 r 3.2.