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At an intersection in central Havana that for decades has served as town's underground actual estate bazaar, individuals stated the tax charge seemed reasonable within the summary, but it is going to depend drastically on how authorities end up valuing the properties. The brand new legislation requires that all real property transactions be made through Cuban bank accounts in order that they can be higher regulated, and it sets a tax rate of eight % of the assessed value - split equally by buyer and vendor.
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