At an intersection in central Havana that for many years has served as town's underground real property bazaar, individuals said the tax price appeared cheap in the summary, however it would rely drastically on how authorities find yourself valuing the properties.
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Another factor to notice about this checklist of causes to place your money and time into the acquisition of actual property abroad is that, basically, it is all about diversification.
If you loved this post and you want to receive details concerning referral provider please visit the web site. The new legislation requires that each one actual estate transactions be made through Cuban financial institution accounts so that they are often better regulated, and it units a tax price of eight percent of the assessed worth - split equally by purchaser and vendor.
After getting his PhD, Saiz was employed in 2003 as an assistant professor at the University of Pennsylvania's Wharton Faculty