10.12.11 For donations to foundations and sports clubs

Amount and requirements

Taxpayers may deduct 15% of the amounts donated during the year to Foundations that pursue cultural, welfare, educational or health purposes or any other purposes of a similar nature to these.

Foundations must be registered in the Registry of Foundations of the Community of Madrid, must be accountable to the corresponding protectorate body and this body must have ordered their deposit in the Registry of Foundations.

Taxpayers will be able to deduct 15% of the amounts donated to elementary and basic Sports Clubs , defined as such in the Sports Law of the Community of Madrid.

It is an essential requirement that these clubs are registered in the Registry of Sports Associations of the Community of Madrid.

The deduction base for all the donations indicated may not exceed 10% of the taxable base.

Completion

You must record the amounts donated with the right to the deduction.