With the arrival of Spring, there is also one of the most important tax obligations for those who have properties registered in their name: the payment of municipal real estate tax, better known as IMI. This tax applies to all types of properties, from dwellings to garages, through stores and land.
How and when the warning arrives
The amount payable is communicated by the Tax Authority by the end of April, either by physical letter sent to the taxpayer’s tax address or through the electronic notification system. According to, this notice includes all the data required to pay.
Who is obliged to pay
This tax is applied to those who own a property until December 31 of the previous year. Thus, those who have a good registered on that date should rely on this expense the following year.
Number of benefits depends on the value
Depending on the total amount determined, the payment of IMI may be made in one, two or three installments. If the amount does not exceed 100 euros, the payment is made one time in May.
Phased payments for higher values
When the amount is between 100 and 500 euros, the taxpayer can pay twice: one in May and one in November. The amounts of over 500 euros are divided into three installments, to be paid in May, August and November.
Possibility of immediate total payment
Those who prefer can choose to pay the total amount of IMI in the first installment. To do this, simply use the data from the letter sent by the Tax Authority or consult this information online.
Delays can leave expensive
The loss of the deadline to make payment may have consequences. Taxpayers in non-compliance risk paying default interest or even receiving a fine, as provided for in Article 116.
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Where to find payment data
If for some reason you do not have the letter with you, there is always the possibility of accessing the Finance Portal. For this, it is necessary to authenticate you with the Fiscal Identification Number (NIF) and their password, or resort to the digital mobile key or citizen card.
Ways available to pay
Payment can be made in many ways. It is available through homebanking, at the ATM boxes or in person, in any finance service or CTT store.
Face -to -face options remain valid
If you prefer face-to-face payment, you can do so with money, bank card or even check, dated the day of operation. The important thing is to have the correct payment data with it.
Permanent exemptions there are
Not all owners have to pay IMI. There is the possibility of exemption, both permanent and temporary, depending on the financial situation of the household and the value of the property.
Automatic exemption criteria
Permanent exemption applies to families with gross annual income less than 16,824.50 euros, provided that the property is permanent residence and its tax equity value (VPT) does not exceed 67,260.20 euros. This exemption is automatic and granted annually.
Who can request temporary exemption
As for temporary exemption, it is available for VPT properties up to 125,000 euros, provided they are tax residence and the income of the aggregate do not exceed 153,000 euros per year. “Temporary exemption has a maximum duration of 3 years,” as referred to in law.
FINANCE ONLINE CONSULTATION
To consult the State of Exemption, simply access the “Real Estate” section on the Finance Portal, where all information regarding the duration and type of exemption is available. Alternatively, you can go to a finance counter with the necessary documentation, such as the citizen card and the building booklet.
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