Ms Josephine Feehily:

Or it can be decreased. My preference is with Deputy Fleming. There is a point to note about the way in which this tax is designed. There will be stability for three and a half years and that is helpful to everyone. It is helpful to us and it is helpful to the taxpayers. The fact that if one builds an extension or improves a house it will not affect the bill for three and a half years has built a good deal of stability into the process. It will give us time to understand the register and the market. My preference is for stability, but that is the provision.