Elwood v Valuer-General - [1989] 1 NZLR 554

Property law — Valuation of land — Land value — Cross leases — Being unable to subdivide their land, the owners erected two units under cross leases and deposited a plan in Land Transfer Office — Valuer-General increased the land value because of the cross leases — Whether cross leasing should for valuation purposes be treated as a subdivision — Whether the obtaining of planning permission and depositing of plan were "improvements" to the land — Whether Valuer-General was correct in increasing the land value — Local Government Act 1974, ss 270, 271 and 314 — Valuation of Land Act 1951, s 2.