Autonomous Community of the Balearic Islands

Regulations: Art. 2 of the Consolidated Text of the Legal Provisions of the Autonomous Community of the Balearic Islands on Taxes Transferred by the State, approved by Legislative Decree 1/2014, of June 6

Residents of the Autonomous Community of the Balearic Islands will apply the following amounts as minimum taxpayers, by descendants, by ascendants and by autonomous disability:

Taxpayer tax-free threshold

• 6,105 euros per year per minimum amount per general taxpayer

• Plus 1,265 euros annually per taxpayer over 65 years of age.

• Additionally 1,540 euros per year per taxpayer over 75 years of age.

Minimum for the second, the minimum for the third and the minimum for the fourth and subsequent descendants

• 2970 euros per year for the second descendant.

• 4,400 euros per year for the third descendant.

• 4,950 euros per year for the fourth and subsequent descendants.

Tax-free threshold for ascendants

• 1,265 euros annually for each ascendant over 65 years of age or with a disability.

• Plus 1,540 euros annually for each ascendant over 75 years of age.

Minimum for disability of the taxpayer and ascendants or descendants

• 3,300 euros annually for each taxpayer, ascendant or descendant, when it is a person with a degree of disability equal to or greater than 33% and less than 65 %.

• 9,900 euros annually for each taxpayer, ascendant or descendant, when it is a person with a degree of disability equal to or greater than 65%.

• Plus 3,300 euros annually for each taxpayer, ascendant or descendant who proves they need help from third parties or reduced mobility, or an equal or higher degree of disability at 65%.

For taxpayers who died before November 26, 2023

Taxpayer tax-free threshold

• €6,105 annually on a general basis.

• Plus €1,265 annually per taxpayer over 65 years of age.

• Additionally €1,540 annually per taxpayer over 75 years of age.

Minimum for the third, fourth and subsequent descendants

• €4,400 annually for the third descendant who generates the right to apply the minimum for descendants.

• €4,950 per year for the fourth and subsequent descendants.

Allowance for disability

• €3,300 annually when the person is a person with a degree of disability equal to or greater than 33% and less than 65%.

• €9,900 annually when it is a person with a degree of disability equal to or greater than 65%.

• Plus €3,300 annually for each taxpayer, ascendant or descendant who proves they need help from third parties or reduced mobility, or a degree of disability equal to or greater than 65%.