Italian IMU and TASI
Q Question: What are IMU and TASI? When are they due?
A Answer: IMU and TASI are Italian Municipal Property Taxes. However, since 1 January 2020 there is no longer a distinct payment for Property Service Tax (TASI) as it has been incorporated into the Ownership Tax (IMU).
If you missed the TASI payment in 2019 or before, TASI is still due for such years.
Owners of Italian property are required to pay IMU for each month of property ownership.
IMU is due twice a year, by the 16 of June and by the 16th of December, with reference to respectively the first semester and the second semester of each year.
For example, if you purchased the property on the 23rd of March, i.e., within the second half of the month, you are IMU liable from the 1st of April on and the previous owner is liable up to the 31st of March.
Bear in mind that for a property that is jointly owned, each owner is responsible to pay the respective tax share separately. This means that the local Municipality expects a payment from each owner, even for property jointly owned by a married couple, if both spouses names are on title.
IMU Exemption: You do not have to pay IMU for the property you live in as your primary residence, registered as such in your Italian tax return or on your Italian ID.
However, if your live in a “luxury property“, defined as such on record (category A1, A8 and A9), you are still required to pay IMU even if it is your official primary residence.
Additional reduced IMU rates and exemptions might apply depending on property status, owner’s conditions and local rules.
IMU legislation gets amended rather frequently. From semester to semester applicable rates and exemption rules might change.
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