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The brand new regulation requires that all actual property transactions be made via Cuban financial institution accounts in order that they can be better regulated, and it units a tax charge of eight p.c of the assessed value - break up equally by buyer and vendor. At an intersection in central Havana that for decades has served as the city's underground actual property bazaar, people mentioned the tax fee appeared affordable within the summary, but it should depend greatly on how authorities end up valuing the properties.
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