What to expect from the new municipal property tax in Italy?

 A new project of the municipal property tax (IMU) in Italy is discussing especially actively in recent days. What are the main issues that need to solve? The portal ee24.com, citing a study iocomprocasa.com, found how to make the most fair rules and what short-term measures can be taken to improve the situation in the real estate market in Italy.

The long-suffering municipal property tax, introduced in Italy in 2012 and applied to residents and non-residents, was suspended in May 2013, as previously wroteWhat to expect from the new municipal property tax in Italy?

 Thus, the first payment in June 2013 will not have to pay. It is unlikely that the IMU will be canceled, so the payments will begin again on September 16, 2013 as an advance, and you will have to pay the remainder by 16 December 2013.

One of the main issues that need to be addressed to the government is to regulate the status of a principal residence, for example, how to pay the tax, if the husband and wife have two different residence.

Tax on additional premises (warehouses, garages) will be the same as for the main house (0.4%). Thus, the suspension of the payment of the first installment IMU also carries the suspension of tax payment for this category of real estate. It must be remembered that the extra space of the main house is only allowed one piece of land for each category: C2 (warehouses), C6 (garages), C7 (canopies). It is unlikely that the proposed decree will affect the current tax on this property.

Finally, the IMU applies to all industrial real estate and, therefore, does not go to the expense of the budget classification. Exemptions or deferral of payments for such property don't provide. Recall that the law in 2012 has lowered the rate on company-owned property to 0.4%.

Annual municipal property tax, known as the Imposta Municipale Unica (single municipal tax) or abbreviated IMU, entered into force on 1 January 2012 and was suspended after stepping down as Italian prime minister Mario Monti. IMU tax for the main house was 0.4%, for a second home - 0.76% (it could be changed, depending on the decision of the municipality - from 0.46% to 1.06%). Foreigners were paid as non-essential home owners. Payments were made twice a year (June and December) in the municipal body at the location of the real estate. Until 2012 this tax was called ICI (Imposta Comunale sugli Immobili) and accounted to 0.4-0.7% of the cadastral value of the property. the same as for the main house (0.4%). Thus, the suspension of the payment of the first installment IMU also carries the suspension of tax payment for this category of real estate. It must be remembered that the extra space of the main house is only allowed one piece of land for each category: C2 (warehouses), C6 (garages), C7 (canopies). It is unlikely that the proposed decree will affect the current tax on this property.

Finally, the IMU applies to all industrial real estate and, therefore, does not go to the expense of the budget classification. Exemptions or deferral of payments for such property don't provide. Recall that the law in 2012 has lowered the rate on company-owned property to 0.4%.

Annual municipal property tax, known as the Imposta Municipale Unica (single municipal tax) or abbreviated IMU, entered into force on 1 January 2012 and was suspended after stepping down as Italian prime minister Mario Monti. IMU tax for the main house was 0.4%, for a second home - 0.76% (it could be changed, depending on the decision of the municipality - from 0.46% to 1.06%). Foreigners were paid as non-essential home owners. Payments were made twice a year (June and December) in the municipal body at the location of the real estate. Until 2012 this tax was called ICI (Imposta Comunale sugli Immobili) and accounted to 0.4-0.7% of the cadastral value of the property.