Here we are: day X for home taxes has arrived. December 16 is the deadline to pay the second installment of Imu and Tasi 2016. The bill, however, will be less expensive than in the past. Starting this year, for the first time, neither the Imu nor the Tasi are due on main houses, unless the property is a luxury one. Yet, despite this simplification, the general framework of the legislation is still quite complex.
Here is a diagram that summarizes in which cases it is mandatory to reach out to the wallet (pay attention to the notes).
¹ The exemptions have also been confirmed for the appurtenances of the main house, but only for one of each type (box, cellar, attic…).
² There is a 50% discount on the Imu and Tasi taxable base, but only under certain conditions: the loan must be signed between first-degree relatives in a direct line (parents or children) who use the property as their main residence; the contract must be registered; the owner must not be the owner of houses other than his main residence (which must be in the same Municipality as the property granted on loan).
³ A 25% reduction of the tax base is envisaged for both the IMU and the Tasi for homes rented at an agreed rent.
Furthermore, neither the Imu nor the Tasi are due on some properties equivalent to the main residence. Here's the list:
– the house owned or in usufruct by elderly or disabled people who have moved to hospitalization or healthcare institutions following permanent hospitalization, provided that the property is not rented out;
– the home of citizens registered in the Registry of Italians residing abroad (AIRE), already retired in their respective countries of residence, as property or usufruct in Italy, provided that it is not rented or given on loan use;
– the real estate units belonging to the undivided ownership building cooperatives, used as the main residence of the assignee members, including the real estate units belonging to the undivided ownership building cooperatives intended for university students, also in derogation of the required residence requirement;
– buildings intended for social housing;
– the marital home assigned to the spouse, following a provision of legal separation, annulment, dissolution or termination of the civil effects of the marriage;
– properties owned and not leased by permanent service personnel belonging to the armed forces, police forces or firefighters.
THE RATES
The first installment was calculated using last year's rates, while the balance pays the amount due for the entire year, including any adjustment on the down payment. The good news is that this year the Municipalities cannot adjust the rates established in 2015 upwards: changes are allowed, but only downwards. It is also possible that new concessions have been introduced. To be sure, it is good to check the municipal resolutions published on the Department of Finance website (if that of 2016 is missing, that of 2015 is valid).
TAX CODES
IMU
3912 for main house and outbuildings:
3914 for land;
3916 for building areas;
3918 for other buildings;
3925 for buildings for productive use to the State;
3930 for buildings for productive use to the Municipality.
TASI
3958 for the main house and outbuildings;
3959 for rural instrumental buildings;
3960 for building areas;
3961 for other buildings.
