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

We considered it but we did not find a way of doing it that would be fair to all. It goes back to the point I made to Deputy Breathnach. In order to have a taxable liability we need a way of pricing the asset. We would then face the challenge of trying to assign a market value at 2013 levels to properties that have just been built. We were not able to come up with a way of doing that which would be fair and would withstand challenge. The yield we are forgoing as a result of that is currently between €25 million and €27 million.