Cuba anuncia nuevas regulaciones para alojamientos

CubaNet – Cuba today announced new regulations for the housing sector on the island, one of the most depressed and with prohibitive prices for the average Cuban, who can now buy houses without finishing or legalize homes built without the established documentation.

The regulations highlight the sale «of 16,887 social housing in execution to citizens of the island, who can pay the transfer value of the property and finish it within five years, period in which they must be empowered and legalized The houses.

Many Cubans do not declare the actual amount of the operation to evade the 4% tax on the amount of the sale, so the State has now decided to establish a reference value of the dwellings only for the calculation of the payment of taxes.

The reference amount will not be the legal value of the property and will only be used for the supplementary calculations.

This reference value will not have to be fixed by specialized personnel and will be determined taking into account aspects such as the number of rooms, their location, type of construction and urban facilities.

This legal provision will only apply to the sale and will not affect the transfer operations by family donation, by inheritance or liquidation of property by divorce, which will maintain the legal value as the basis for the tax.

Download Gaceta Oficial