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 The new regulation requires that every one real property transactions be made through Cuban financial institution accounts so that they are often better regulated, and it units a tax rate of eight percent of the assessed worth - break up equally by buyer and seller. At an intersection in central Havana that for decades has served as the city's underground actual estate bazaar, folks stated the tax rate seemed affordable in the summary, but it'll rely greatly on how authorities end up valuing the properties.
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