Art. 9 – Cancellation of both the balance and the second instalment of IMU

Art. 9 of the new Law Decree so-called “Decreto Ristori” confirmed the cancellation of both the balance and the second instalment of IMU due on December 16th for buildings in which specific economic activities are carried out, as identified by the Legislator.

The Law provision, included in article 9 is addressed to the categories listed in the ATECO codes indicated in attachment 1 of the Decree, e.g. including the activities of hotels (“551000”), restaurants (“561011”) bars (“563000”), ice cream parlors and confectioneries (“561030”).

The exemption is provided for buildings and their appurtenances as long as the owner is the manager of the activities carried out in the buildings concerned. However, the provisions of the “August” Decree regarding the IMU exemption for the tourism and entertainment sectors (article 78, DL 104/2020), according to which there is no correspondence between the owner of the property and the manager of the activity carried out, remain unchanged. For these subjects, the exemption applies regardless their inclusion in the table of the annex and that the new rule, in general, states the coincidence between owner and economic operator.

Art. 9 of the new Law Decree so-called “Decreto Ristori” confirmed the cancellation of both the balance and the second instalment of IMU due on December 16th for buildings in which specific economic activities are carried out, as identified by the Legislator.

The Law provision, included in article 9 is addressed to the categories listed in the ATECO codes indicated in attachment 1 of the Decree, e.g. including the activities of hotels (“551000”), restaurants (“561011”) bars (“563000”), ice cream parlors and confectioneries (“561030”).

The exemption is provided for buildings and their appurtenances as long as the owner is the manager of the activities carried out in the buildings concerned. However, the provisions of the “August” Decree regarding the IMU exemption for the tourism and entertainment sectors (article 78, DL 104/2020), according to which there is no correspondence between the owner of the property and the manager of the activity carried out, remain unchanged. For these subjects, the exemption applies regardless their inclusion in the table of the annex and that the new rule, in general, states the coincidence between owner and economic operator.