IMU taxable person in case of termination of a leasing contract

The Italian Supreme Court, Order no. 20977 dated 22/07/2021, ruled on the scope of article 9 of the Legislative Decree no. 23/2011, which identifies the lessee as the person liable to pay the property tax (IMU) for leased properties as from the date of execution of the contract and for its entire duration.

With this order, it was established that, in the event of termination, the IMU tax liability is transferred to the leasing company, regardless of whether or not the user has returned the asset.