Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Yes, and within that we are recognising that flood risk is a significant factor. Just to develop this point further, a large proportion of the revenue raised through this tax will be redirected to the local authorities. That is the objective of a tax like this. I hope this will result in the realisation of how gigantic an issue this is across the State, where homeowners cannot get insurance. This will be crystallised by virtue of the revenue lost to the State because of this fact. I hope this process will feed into solving this problem once and for all. There are people all over the country listening to this exchange who thought they would be paying tax on the basis of a market value that their properties simply do not have but we are establishing here that flooding risk is a germane factor in how they price their homes. The Revenue will include that information in the FAQ, is that correct?