Mr. John McCarthy:

How was ... well, I think what the Minister did on foot of this, which is what I think the Chair is referring to, is that, in 2005, it was announced that there would be a review of the various tax incentives for the property market and, if I recall correctly, most ... I think it was undertaken by Indecon and possibly Goodbodys. And all of the recommendations, from what I recall, or certainly the bulk of them, were contained in the Finance Bill for 2006. In other words, the phasing out of all the ... the biases within the tax system that favoured construction and so forth. However, quite clearly, the horse had bolted at that stage. It was too late. But we had been saying it for some time, the review was done, it was concluded that these tax expenditures needed to be reduced, that the tax treatment of construction needed to be made more neutral and the Minister acted on that. But there was a transition phase, from what I understand, in that you didn't want to ... you wanted to avoid a sudden stop.