Eoin Ó Broin (Dublin Mid West, Sinn Fein)

Just to pick up on the conversation the Minister was having earlier with my colleague, Deputy Doherty, before I came in, there was a discussion on an eventual cost to the Exchequer of €20 million and there was talk about 18,000 units. If we go back to the average cost from last year or the year before that – although it may be slightly out of date – the corporation tax liability on the average unit of €1,400 a month would be €2,520 a year. If we multiply that by 18,000, we would get a cost of €45 million, not €20 million. I understand from the Minister's conversation with Deputy Doherty that he suggested part of the difference may be that some would be LDA and some would be private sector. The rent setting is going to be pretty similar between the LDA and the private sector and therefore the cost of the tax exemption should be similar. If I am wrong, I am happy to accept that, but I am interested in hearing the Minister explain how he gets the figure on which he is basing the €20 million, because it is less than half of what the current corporation tax liability would be on an average LDA unit.