“IMU Exemption for Primary Residence in 2024: What Constitutes a Primary Home?”

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Exemption from IMU Tax on Primary Residence: What You Need to Know

The IMU (Imposta Municipale Unica) exemption for the primary residence is granted only when specific conditions are met.
As the payment deadline for the IMU balance approaches, set for December 16, 2024, it’s crucial to understand when payment is necessary, as not everyone is required to pay this tax for their main home.
In this article, we will clarify the definition of a primary residence, an essential element in determining when IMU must be paid or can be exempted.

IMU is not applicable to the primary residence unless the property falls into the luxury category according to its cadastral classification.
Let’s delve deeper into understanding who is exempt from IMU and what constitutes a primary residence.

What Defines a Primary Residence for IMU Exemption?

The Ministry of Economy and Finance (MEF) defines the primary residence as the unit where the taxpayer and their family members are registered and habitually reside.
According to the law n.
160 of 2019, IMU is not applicable to homes classified as A/1 (luxurious residences), A/8 (villas), or A/9 (castles).
If the property belongs to other categories like A/2 (civil residences) or A/6 (rural dwellings), then IMU is not due.

IMU Exemption for Primary Residence Amenities

The exemption also applies to amenities related to the primary residence, such as garages or storerooms, classified under categories C/2, C/6, and C/7.
Each residence is permitted one exemption for these amenities, regardless of how many units you own.

Double Exemption for Married Couples

The recent ruling by the Supreme Court allows married couples living in separate homes, even within the same municipality, to claim IMU exemption on both properties.
This accommodation extends to ensure that both married and unmarried couples receive the same treatment concerning this tax.

Exemption for Seniors in Care Facilities

In 2024, seniors permanently residing in care facilities qualify for IMU exemption under certain conditions.
The property must not be rented out, or it becomes a source of income.
Additionally, this exemption extends to disabled individuals in similar circumstances.

Assimilation to Primary Residence

There are specific cases where properties owned can be considered primary residences even if the owner does not reside there.
This includes properties in housing cooperatives or accommodations assigned to individuals for social housing.

IMU for Foreign Pensioners

Up until now, there was a specific exemption for non-resident pensioners that has now been replaced with a 50% reduction for their sole property in Italy, provided it is not rented out.

When is IMU Due on the Primary Residence?

IMU applies to a primary residence if it falls within the luxury categories mentioned earlier.
The tax rate stands at 0.5%, but municipalities may increase it up to 0.6%.
Homeowners in these categories may also be entitled to a €200 deduction from the total due.

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