Imu balance: 16 December deadline for 25 million properties with 11 billion to pay

Last days for the Imu balance. By next Tuesday, 16 December, approximately 25 million properties that have already paid the advance payment in June will be called to make the final payment. Not the main houses (with the exception of luxury houses, in categories A/1, A/8 and A/9), but all other types of property, will go to the treasury.

Thus, mainly second homes (about 5.8 million) and those rented (another 3.6 million) or on free loan (just over 700 thousand). But other properties must also be considered in the list, such as shops, offices, studios and sheds, with rates varying from municipality to municipality even if, increasingly often (especially in large centres), all aligned to the maximum allowed by law.

From a practical point of view, the calculation of the balance is rather simple: an identical sum will have to be paid as that already paid in June, unless there have been rate changes in the meantime. Thus, on an overall level, if the first instalment was worth 11 billion approximately, the balance will bring another 11 billion into the coffers of the municipalities and the state. The former will collect about 18 billion, the clearly predominant part of the revenue linked to the tax, while to the State will go the revenue linked to productive and tertiary properties in category D. Their revenue weighs just under 4 billion euro.

Several factors weigh in the counting game, such as whether the property is empty or rented. In some cases, the municipal tax rate changes depending on the use of the property and the maximum rate goes up to 1.14 per cent. In general, however, there are two variables that affect the tax calculation: the cadastral annuity and the municipal rate. The annuity, in the case of houses, must then be revalued and multiplied by the revaluation coefficient (annuity x 1.05 x 160). On this amount (which corresponds to the cadastral value) the municipal rate is to be applied. Assuming a tax rate of 1.06% and an annuity of 800 euros, the result is 1,424.64; it should be noted that, in this example, the cadastral value should be multiplied by 0.0106, which corresponds to the tax rate. This amount will have to be divided by two (EUR 712.32): half to the advance and half to the balance in December.

Looking at the factors involved in this calculation, it is rather rare that the cadastral income changes over time: the main case of updating (not very frequent) is the addition of a room or even a very incisive renovation (such as those facilitated with the superbonus and recently the subject of audits by the Inland Revenue). It is easier, on the other hand, for there to be changes in the rate, but even in this case, these are often already at the maximum.