Paschal Donohoe (Dublin Central, Fine Gael)
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Our modelling is based on the price at which the properties move to remaining unchanged and the yield therefore coming off an unchanged price. We have assumed neither continued inflation nor a deflation in the future. To explain that better, we have said that a property will go from a price point now to one in the future and we have not assumed that price point will go up or down after that. Maybe we can discuss this with the committee when we are doing the work we have to do in advance of bringing in legislation to reform this tax.