Tánaiste: Junior minister's vulture funds tax call 'not sensible' 

Micheál Martin urged 'caution in terms of market-sensitive issues' and said there needed to be certainty for those building homes

Institutional investors that purchase more than 10 homes in the same development within 12 months must pay a 10% tax. Mr Richmond wants this doubled to 20%. Picture: Larry Cummins

Tánaiste Micheál Martin said he was "surprised" a Fine Gael junior minister suggested changes to taxes levied on vulture funds, suggesting it was not "sensible" to do so.

Speaking in Newry on Monday, Mr Martin said Neale Richmond had not "given a heads up" to senior Finance Minister Jack Chambers on the issue.