Eoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

For the benefit of the committee, I know the Part V legislation has a mathematical formula to help determine the discount. I have always understood that in very simple terms, in that the core element of the discount and the purchase price of the Part V on the land is calculated at existing use value rather than market value. I appreciate what has been said about 20% and 30% but the real value of Part V is not the 20%; it is the discount on the existing use value of the 20%, whereas this is 30% of the entire site. Was it really just a simple case of 20 plus 30 makes 50, and that sounds okay?