Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I assure Senator O'Donnell that bona fide management buy-out transactions will not be affected but there is a tax avoidance scheme in operation and we want to deal with that. Senator Mulherin raised the mica issue.

I wish to make one other point about housing. We have a €6 billion pot for housing. We probably have a capacity issue in terms of how quickly we can try to encourage people out of the commercial property sector into the residential property sector. That is what this budget is about, namely, making land available, encouraging and enticing people who have land to make it available, so we can get moving on the construction of properties because the biggest issue we have is supply. We lost the last decade but we will be in a much better position for the next decade.