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

On that point, when developers are submitting Part V figures to the local authority, they include Part V as a cost which needs to be distributed around. I have heard other active land management experts argue that in fact 20 years on from the passing of the Act, Part V brings down land values because it is being purchased in the knowledge that 20% as it was originally, and 10% as it is now, is at existing-use value. Could something similar work here? Would there be a period of time in which the cost of the levy is borne by the home purchaser but then, as the market adjusts, that would exert downward pressure on the all-in value of the land? Is that a reasonable assumption?