Owners whose taxable equity value (VPT) places them within the scope of the Additional IMI (AIMI) have until this Friday to pay this tax.
Paid during the month of September, the AIMI is levied on residential properties and land for construction, and its value is calculated by the Tax and Customs Authority (TA) based on the taxable equity value (VPT) of the buildings listed in the matrices January 1 of the year to which the tax refers.
The IMI surtax includes different rates depending on whether it is collective or individual taxpayers, and in the first case a tax of 0.4% on the entire equity value of urban housing buildings and land for construction.
For individuals, there are three tiers of fees: one 0.7%on the equity value of real estate exceed 600 thousand euros; another of 1% in the part that exceeds one million of euros and less than two million of euros; and a third of 1.5% for the portion that exceeds two million of euros
This values can double when properties are owned by a couple when they choose to pay taxes together. For example: with this option, the group of properties owned by the couple only pays AIMI on the value that exceeds 1.2 million euros.
AIMI still has a 7.5% rate covering urban buildings held by entities based in offshoreand this rate increase does not apply to buildings owned by individuals.
Outside the scope of the AIMI are the buildings that were exempt from the IMI in the previous year, as well as the properties classified as “commercial, industrial or services” and “others”.
The income from the Additional IMI goes to the Social Security Financial Stabilization Fund (FEFSS).
Source: Observadora
