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The brand new regulation requires that each one actual estate transactions be made by Cuban bank accounts in order that they are often better regulated, and it units a tax price of 8 % of the assessed value - split equally by buyer and vendor. At an intersection in central Havana that for decades has served as the city's underground real property bazaar, individuals mentioned the tax price appeared affordable in the abstract, but it'll depend vastly on how authorities find yourself valuing the properties.
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