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The new regulation requires that every one real property transactions be made via Cuban bank accounts so that they are often better regulated, and it sets a tax charge of 8 p.c of the assessed value - break up equally by purchaser and vendor. At an intersection in central Havana that for many years has served as town's underground real estate bazaar, individuals mentioned the tax charge seemed affordable in the summary, however it should depend drastically on how authorities end up valuing the properties.
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