The IMU, or Imposta Municipale Propria, is a vital municipal tax for property owners in Nettuno. It applies to various types of real estate and is managed by local authorities. Understanding the IMU’s complexities is essential for avoiding penalties and taking advantage of potential exemptions.
This article outlines who is liable for
the tax, how to calculate it, payment deadlines, and the necessary procedures for filing declarations.
The facts
The primary taxpayers include property owners and individuals holding real rights, such as usufruct or use rights. In cases of co-ownership, each owner is responsible for their respective share, allowing for fractional payments.
Categories of taxable properties
The IMU tax applies to several categories of properties, including:
- Buildings: These include units listed
in the land registry and any relevant accessory areas. Newly constructed buildings become taxable upon completion.
- Buildable land: This includes plots designated for construction under urban planning. However, agricultural land used by direct farmers may qualify for exemptions.
- Agricultural land: Even if not actively farmed, these parcels are subject to IMU if registered in the land registry.
Additionally, illegally constructed buildings are also subject to taxation, regardless
of their legal status, potentially leading to legal issues.
Calculating and paying the IMU
The IMU is calculated annually, considering the ownership share and the months the property is held. If a property is transferred, the day of the transaction is attributed to the buyer, who assumes tax responsibility for that month.
Payment schedules and methods
IMU payments are required in two installments: the first, an advance payment, is due by June 16, while the second, representing the balance, is due by December 16. The advance payment is calculated based on the previous year’s tax rate, while the final payment should reflect the updated rates set by the municipality.
Payment is facilitated using the F24 model, available in standard and simplified versions. Notably, if the total annual tax is less than €12, no payment is required.
IMU declaration and compliance obligations
Submissions can be made through various channels: directly to the municipality, via registered mail, or electronically. Adhering to the guidelines issued by the Ministry of Economy and Finance is crucial for correct processing.
Checks and voluntary compliance
Local authorities may conduct checks to ensure compliance with IMU regulations. If discrepancies are found, property owners can rectify their situation through voluntary compliance, potentially mitigating penalties.
This article outlines who is liable for the tax, how to calculate it, payment deadlines, and the necessary procedures for filing declarations.0