Eoin Ó Broin (Dublin Mid West, Sinn Fein)

I thank the Minister for that. I have three additional questions. Will the Minister explain how he understands this to be a measure to address the viability challenge? The viability challenge is the gap between the price the market is willing to pay for something and the all-in cost of development, including the margin for whoever is producing the unit. The issue of the charging of corporation tax does not feature in the costings of a developer, whether that is the Land Development Agency or somebody the LDA is buying the units from. The corporation tax is actually borne by the tenant in the rent setting. A couple of years ago, the LDA gave some testimony to our committee and talked about its rent settings. It said at that stage that the average monthly rent was €1,400. It has a standard 40%, which covers costs, management and maintenance and for which there is no corporation tax liability. That means that the tax liability of approximately €210 a month would be on the rent, not on the costs of the development. I am interested in how, in the Minister's understanding of this measure, he thinks this will assist viability, given that it is not part of the calculations of the all-in development costs and, therefore, not part of the gap between the purchase price and the development costs.