Property Tax Service in Italy

• This service is for property owners in Italy, including non-residents and expats who own real estate in the country. 
• It is particularly relevant for those who have luxury main homes, second homes, or other properties such as shops and laboratories. 
• Understanding the property tax in Italy - or IMU:  imposta municipale sugli immobili  - is essential for individuals who wish to remain compliant with Italian tax laws regarding property ownership.

The IMU applies to various categories of property, including:

• Luxury main homes. Properties classified under cadastral categories A/1 (stately homes), A/8 (villas), and A/9 (castles and palaces of eminent artistic or historical merit).
• Second homes and all other properties, such as commercial properties (e.g., shops, laboratories).
• Properties used as main residences and similar (categories A/2 to A/7) are generally exempt from the IMU, along with certain appurtenances (e.g., garages, storerooms).

To comply with the IMU requirements:

1. Determine Cadastral Income: Obtain the cadastral income of your property, which is listed in the property purchase contract or can be acquired through a cadastral survey.
2. Revaluation: Revalue the cadastral income by 5%.
    

Calculation:

• Multiply the revalued cadastral income by the relevant coefficient (e.g., 160 for homes and appurtenances).
• Apply the IMU rate established by the local municipality.
• For luxury main homes, deduct €200 from the calculated amount.
• The tax must be paid by the property owners, including those with real rights such as usufruct, use, habitation, and surface rights. 
• If a property is jointly owned, each owner pays their share proportional to their ownership percentage.

Compliance with the IMU ensures:

• Avoidance of Penalties: Staying compliant prevents fines and legal issues.
• Financial Planning: Knowing your tax liabilities helps in effective financial planning for property management.
• Municipal Services: Contributions through IMU support local services and infrastructure, benefiting property owners indirectly.

• Expert Advice: Consultation with experienced tax advisors to clarify your obligations.
• Documentation Assistance: Help with gathering and verifying the necessary documents, including cadastral surveys.
• Calculation Support: Detailed assistance in calculating the correct amount of IMU payable based on your property’s specifics and the latest municipal rates.
• Filing and Payment: Guidance on filing the necessary forms and making timely payments to avoid penalties.

• Introduction: Initially introduced by the Berlusconi Government in 2011.
• Expansion: Expanded by the Monti Government in 2012 to include main residences.
• Revisions: Subsequent modifications, including the integration of IMU and TASI in 2020, resulting in the New IMU with revised rates and exemptions.