Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That goes to the core of the amendment in terms of reducing their taxation. I am looking at I-RES's accounts. The Minister of State has mentioned I-RES. None of this is secret because these are publicly available. It tells us about the revenue from investment properties of €38 million. It deducts property taxes of €581,000, which is not a huge amount, but no other landlord in the State would be able to deduct their property tax before taxation. Deputy McGrath has raised this on numerous occasions during different Finance Bills. It deducts asset management fees of €2.7 million. This is on top of property operating costs of €7.6 million. There is a real suspicion that this asset management fee should not be deducted. It is a way of reducing the amount of distribution that has to take place. I know I am springing some of this on the Minister of State but I would welcome a note from Revenue before Report Stage on this.