IMU Property Tax and Local Tax Calculation
We manage the calculation and payment of IMU on owned or held properties, ensuring no errors, omissions or delays in payments.
Service details
The Municipal Unique Tax (IMU) is a local tax levied on property owners in Italy, with the exception of the primary residence (non-luxury). Studio CITI snc manages IMU calculation for individuals, businesses and professionals, ensuring the accuracy of payments and full compliance with municipal resolutions.
IMU calculation is more complex than it might appear: it depends on the property's cadastral income, the revaluation coefficient (multiplied by 1.05), the rate set by the individual municipality (ranging from 0.86% to 10.6% for properties other than the primary residence), the months of ownership in the year, and any applicable reductions or deductions. Each municipality can set differentiated rates by cadastral category (dwellings, appurtenances, offices, warehouses, land, building land), requiring precise verification year by year.
For businesses, IMU calculation also covers industrial warehouses, offices, shops and properties instrumental to the business. A portion of the IMU paid on instrumental properties is deductible for IRES and IRAP purposes, and the firm correctly calculates this deduction.
Payment is made in two instalments: an advance by 16 June (calculated using the previous year's rates) and a balance by 16 December (using the current year's rates). The firm prepares F24 forms with the correct tax codes for each municipality where the property is located.
Frequently asked questions
Do I need to pay IMU on the home where I live? +
The primary residence (the home where you are registered as a resident and have your habitual abode) is exempt from IMU, except for properties in cadastral category A/1 (prestigious dwellings), A/8 (villas) and A/9 (castles). If you are registered at a property but spend little time there or have another habitual abode, you may not be entitled to the exemption and the firm will verify the specific situation.
How is IMU calculated on a rented property? +
Rented properties do not benefit from the primary residence exemption and are subject to the ordinary rates set by the municipality. Some municipalities provide reduced rates for rented properties. IMU is owed by the owner regardless of whether the tenant pays rent or not. The firm calculates the tax taking into account the specific resolutions of the municipality where the property is located.
I bought a property mid-year: do I pay IMU for the whole year? +
No. IMU is calculated in proportion to the months of ownership in the year. A month counts in full if you owned the property for at least 15 days. If you purchased on 20 May, you pay IMU for 7 months (from June to December).
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