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The new regulation requires that every one real property transactions be made through Cuban bank accounts so that they are often better regulated, and it units a tax rate of 8 percent of the assessed value - break up equally by purchaser and vendor. At an intersection in central Havana that for many years has served as the town's underground real property bazaar, people mentioned the tax rate appeared reasonable within the abstract, but it'll rely drastically on how authorities find yourself valuing the properties.
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