Last day for payment of IMU balance for the current year. Not all homeowners are required to pay municipal property taxes; Only those who own luxury homes, second homes, shops and agricultural land need to pay municipal property tax.
On average you pay more than 500 euros per installment; For luxury homes in big cities, this figure can reach thousands of Euros. According to Confconstruction, over 300 billion euros have been paid out to date since it was introduced in 2012: “It’s a really widespread presence,” said the President of the Confederation, referring to a “difficult and unfair” tax. But be careful because not paying the tax attracts penalties and interest. However, there are also exemptions and discounts. How is the 2024 IMU balance calculated and how should the payment be made? Let’s go in order.
Who has to pay the 2024 IMU balance?
Good news for homeowners only because you don’t pay IMU for it unless it’s a luxury property. In fact, according to the current legislation, property tax is not paid on the main residence where your registered residence is located or on related annexes such as garage, car park, cellar, attic. So who has to pay the IMU then?
As we said before, owners of luxury houses belonging to cadastral categories A/1 (elegant estates), A/8 (villas) and A/9 (castles and palaces), as well as owners of second homes. The tax also weighs heavily on owners of shops, offices, hotels and other commercial and industrial properties other than the main residence, as well as construction sites and farmland.
Imu is paid in two installments: the deposit due by June 16 this year and the balance due by December 16, 2024, with the relevant adjustment.
Imu balance 2024: how to calculate the amount
To calculate the IMU balance you need to do some calculations. We start from the taxable base given by 5% of the cadastral income of the real estate and then multiply it by another coefficient that varies according to the cadastral category. In this case, the tariff of the municipality of residence is applied.
However, it is important to note that we have already paid the deposit equal to 50% of the 2023 IMU. However, on the balance, the new rates available on the Ministry of Economy’s website and approved by the municipalities should be taken into account. Finance. After the total tax amount for 2024 is calculated with the new rates, it will be sufficient to subtract the amount paid as a deposit to obtain the balance. Therefore the adjustment will only apply if there is a change in rates, otherwise the balance will correspond perfectly to the other 50%, which is the same amount as the 2024 advance.
If there is no IMU decision published for 2024 or if the decision is published after October 28, 2024, the balance payment must be made based on the rates in force in the 2023 tax year. .
How to pay the 2024 IMU balance?
Payment of the 2024 Imu balance can be made via form F24, postal payment receipt or PagoPA service. In the first case, the tax due can be offset against any tax or contribution credit. In the “IMU and other local taxes” section, for each type of tax you must enter the cadastral code of the municipality, the number of properties for which payment is made, the tax year and the amount to be paid grouped with the tax code. property . Then you need to check the “balance” box.
Exemptions and reductions are foreseen, such as those rented for an agreed rent and those for worship purposes only (full list here).
Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
