The Additional Municipal Property Tax (AIMI) period starts this Friday and owners will be able to pay tax until the end of September.
Unlike what happens with IMI, which can be paid in stages when its value exceeds €100, an additional IMI results in a single collection, payable at a time, which is calculated based on the taxable value of equity (VPT). buildings listed at headquarters on 1 January of the year to which the tax relates.
AIMI is levied on VAT on urban property (including building land), except for urban property classified as “commercial, industrial or service” and “other”. Property that was exempt from tax or not subject to IMI in the previous year remains outside the scope of this tax.
Targeted at companies and individuals, AIMI includes different rates for each of these types of taxpayers.
While in the case of companies the tax rate is 0.4% and is levied on the entire value of the assets of urban residential buildings and building land they own, in the case of individuals there are three levels of rates: a rate of 0.7%. about the value of assets exceeding 600 thousand euros; another 1% if the amount exceeds one million euros; and a third 1.5% for amounts over two million euros.
Couples can double the tax exemption for each level of taxation (up to €1.2 million; €2 million and €4 million) if they decide and tell AT that they want to pay tax together.
AIMI also covers indivisible inheritance and may apply to the entire inheritance or to each heir’s share if they communicate their intention to the AT, a procedure that must be specified by the head of the couple and confirmed by all heirs. annually.
Income from the Additional IMI is transferred to the Social Security Financial Stabilization Fund (FEFSS).