The day of payment of the first installment of theImu set for June 16th. For once, however, there seems to be some positive news: traders, artisans, professionals and, in general, the holders of VAT numbers who have benefited from the grant are exempt from payment due to the Covid-19 emergency.
Who does not pay
Not all that glitters is gold, however: only the taxable persons who exercise theirs will not pay activities in a specific property: this provision is part of Article 6-sexies of the Conversion Law (69/2021) of the Support Decree 41 of 2021. The same treatment will also be reserved for the owners of properties intended for hospitality, hotel, exhibition or used for cinema shows, theaters and concert halls recognized by the Budget Law 2021 (178/2020), which also reserved special treatment for residents abroad, who are required to pay only half of the Imu due on a property owned in Italy but must in any case have retired status in the countries of residence. The exemption also extends to properties owned by non-profit organizations and to agricultural land and VAT number holders who have benefited from the grant, as long as they are resident or established in Italy, who carry out business, art or profession activities. or produce agricultural income. As reported Italy today, the average monthly amount of turnover and fees for the year 2020 must be at least 30% lower than the average monthly amount of sales and fees for the year 2019.
Other exempt properties
Article 1, paragraph 599, of the 2021 Budget Law also provided for the exemption for properties already subject to concession in 2020: those used as hotels, pensions, seaside, lake, river and spa bathing establishments. Same treatment also for accommodation activities such as farmhouses, tourist villages, youth hostels, mountain refuges, marine and mountain colonies, landlords for short stays, holiday homes and apartments, bed & breakfasts, residences and campsites. Furthermore, the abolition of the first Imu installment also extends to other properties, including those in category cadastral “D” in use by companies engaged in the setting up of exhibition structures in the context of trade fairs or events, those intended for cinema shows, theaters and concert halls, as well as those used as discos, dance halls, night clubs. club and the like.
With the new Imu, then, they are confirmed exemptions for agricultural land and real estate of non-profit organizations intended exclusively for the performance, in non-commercial ways, of health, hospitality, educational activities and so on. The IMU legislation also provides for various types of concessions that involve a reduced payment: for example, for properties granted free of charge to relatives in a straight line, within the first degree, a reduction of 50% of the tax base is envisaged. The same reduction applies to buildings of historical and artistic interest and to buildings declared uninhabitable or uninhabitable. Properties rented at an agreed rate are also entitled to a preferential treatment. The tax is reduced to 75% of the amount due and the discount set at 25%.
The case of residents abroad
Reduction on the other hand, for Italians residing abroad who are obliged to pay only half of the Imu on a property owned in Italy as owners or usufructuaries as long as they have the status of pensioners in the countries of residence. The reduction of the Imu is applied to a single property as long as it is not rented or given on loan and that it is for residential use. The tax benefit, however, is intended only for pensioners accrued under an international agreement with Italy, “resident in an insurance country other than Italy“. In the presence of the requirements, the IMU”it is applied to the extent of half“.