Property Tax Service in Italy

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Excellent service, definitely recommended. Very good and reliable service!
Rakesh Rathod
Rakesh Rathod
14 Jun 2024

Service Details

Property Tax Service

This service is available across Italy

Who Is This Service For?

  • 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.
Who Is This Service For?

Prerequisites

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).
Prerequisites

Procedure

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.
Procedure

Benefits - Why Choose Our Service

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.
Benefits - Why Choose Our Service

Key Features of this Service

  • 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.
Key Features of this Service

Useful Information

  • 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.
Useful Information

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

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