Imu 2020: deadline on the way. Like every year, the appointment with home taxes returns, but this time something has changed. If until 2019 the owners of second homes had to pay both the Imu and the Tasi, the second tax has been abolished this year. The bureaucratic simplification is considerable, as the formalities and calculations are halved (in effect, the Tasi has always been a duplicate of the Imu). However, the burden on taxpayers' pockets risks remaining the same, because the Municipalities will be able to raise the Imu rates until they recover the revenue from the Tasi.
1) IMU 2020: JUNE DEADLINE AND POSSIBLE EXTENSION
As always, the payment is divided into two installments:
- Imu 2020 advance: deadline 16 June;
- Imu 2020 balance: deadline 16 December.
However, there is something new: with the relaunch decree launched in May, the Government allows the Municipalities to postpone the deadline of the first Imu installment due to the coronavirus epidemic. To check whether the extension has taken place or not, therefore, it is necessary to consult the website of your Municipality.
2) MAIN HOUSE
As in 2019, the Imu is not paid on the main residence (i.e. the property in which one has registered residence and habitually resides), unless it is a luxury one (cadastral categories A/1, A/8 and A/9). The exemption also affects the appurtenances of the building, but only one per cadastral category (C/2 – cellars and warehouses; C/6 – box and garage; C/7 – sheds).
The IMU is paid on main luxury homes (and related appurtenances) with the basic rate of 5 per thousand, which the Municipality can decide to reset or raise up to a maximum of 6 per thousand. A tax deduction of 200 euros is also recognized on these properties.
3) RATES
For all other homes, the basic rate is equal to 8,6 per thousand, but in this case too the final decision rests with the Municipality, which can reset the value to zero or raise it up to 10,6 per thousand. The decision on the 2020 rates is contained in the IMU regulation which each Municipality must approve by 31 July. The document (which also contains any reductions, concessions or exemptions) can be consulted through the research service made available by the Ministry of Economyas well as from the Municipality website. In the absence of the 2020 resolution, the 2019 rates remain in force.
4) IMU 2020 DEPOSIT: HOW IT IS CALCULATED
The Imu 2020 advance must be paid even if the Municipality has not yet published the new rates. In these cases, the sum due is equal to half of the amount paid in 2019 for the sum of Imu and Tasi.
Anyone who didn't have a property subject to Imu last year, but bought it in this first half of 2020, will pay the tax in full on the balance of December 16, skipping the down payment.
5) EXEMPTIONS FOR TOURISM
Again with the relaunch decree, the government established that hotels and bathing establishments will not have to pay the first installment of the Imu 2020.
Here is the detailed list of exempt goods:
a) properties used as bathing establishments (it makes no difference whether they are on the sea, lakes or rivers) and spas.
b) hotels and boarding houses (cadastral category D/2), bed & breakfasts, agritourisms, tourist villages, youth hostels, mountain refuges, marine and mountain colonies, landlords, holiday houses and apartments, residences and campsites. The only condition is that the owners of the property are also managers of the business.
For further information, consult the Circular of the Ministry of Economy of 18 March 2020.
