Joe Lynam

Tell us more about it.

They pay a flat 30 percent rate rather than dip into the higher rate.

Harry, the boss of Cairn Homes, one of the biggest builders in the land, said today that the VAT cut in his construction sector could knock the final price of an apartment by up to 80,000 euros.

I was amazed at that figure.

So if the Minister for Finance is reading his papers today and sees that comment from Ciarán Holmes, he'll be quite vindicated in some of his decisions.

R&D tax credits, were you happy with what was announced on that?

Dune, if you've built up a business over many years and you come to sell it, currently every penny you get over 1 million euros is charged a fairly punitive 33%, but that's changing now.

And they're charged at 10%.

Everything under 1.5 is at 10%.

In terms of the budget, in terms overall, would you say that the average taxpayer, the majority of us, would be disappointed?

Thanks.

Harry, landlords are going to be punished even more if they don't develop their derelict properties.

And let's be fair, the current system is not working at all in terms of encouraging landlords to develop their property.

And that could be 10% of the entire value of the property.

Yeah, that could be really punitive, but only if it's enforced, I guess.

Correct.

Yeah.

Thank you very much both for joining us.

That is Duna Doherty, Workforce Tax Partner with PwC and Harry Harrison, Tax Partner also with PwC.

Back in a moment with all the markets.