The Government's work continues on the home front. There are two different but closely related interventions on the table, that of the Imu and that of the new cadastre, expected for at least 15 years and all the more fundamental today, precisely in the light of a review of real estate taxes which makes it absolutely necessary to redefine the criteria by which taxable values are determined.
As far as the Imu is concerned, after last Thursday's control room, the horizon seems to have cleared up: the agreement between the parties that support the Government has been found, and provides that the municipal tax (as well as on second homes ), is paid only on the first luxury homes.
The knot to untie, and it is not a trivial knot given the repercussions on the budgets of the Municipalities, is that of the date of application of the new rules: the Pdl asks that nothing be paid for 2013, but the Pd niche, while new spending coverages are being evaluated. The meeting between the technicians of the Ministry of the Economy and the representatives of the majority parties to discuss it is scheduled for today.
Hand in hand with the reform of the IMU, as mentioned, work is proceeding on the new cadastre. The value of the individual real estate units will be established through an algorithm, with which the price per square meter of the homes will be determined, to adjust them to the market value. First of all, the calculation will no longer take place on the basis of cadastral rooms, but on square meters. The values of the real estate market observatory drawn up by the Revenue Agency will then enter the calculation, which already divides the Municipalities into homogeneous zones, providing sales and rental values. Other information will be provided by the Municipalities themselves and will become coefficients in the calculation: exposure, view and state of maintenance of the building, street in which it is located and so on.
According to initial estimates, the revision of the cadastre will lead to an average increase in the tax value of the property of around 60%. In Milan, the taxable amount for Imu purposes on the average home would rise by 35,8%, while that for the purpose of the purchase would end up growing by 97,5%. On the national average, the taxable Imu would grow by 59,3% and that for the purposes of purchase by 131,7%. A calculation that presents its critical points, especially in light of the continuous collapse of the real market.
