Community of Madrid

Regulations: Articles 2, 2 bis, 2 ter and 2 quater Revised Text of the legal provisions of the Community of Madrid on taxes transferred by the State, approved by Legislative Decree 1/2010, of October 21

Residents of the Community of Madrid will apply the following amounts as the taxpayer's minimum, for descendants, for ascendants and for autonomous disability:

Taxpayer tax-free threshold

• 5,956.65 euros per year in general

• Plus 1,234.26 euros per year per taxpayer over 65 years of age.

• Additionally, 1,502.58 euros per year per taxpayer over 75 years of age.

Minimum per descendant s

• 2,575.85 euros per year for the first descendant.

• 2,897.83 euros per year for the second.

• 4,400 euros per year for the third.

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

When a descendant is under three years of age, the amount corresponding to the minimum for descendants, of those indicated above, will be increased by 3,005.16 euros per year.

Tax-free threshold for ascendants

• 1,234.26 euros per year .

• Plus 1,502.58 euros per year for each ascendant over 75 years of age.

Minimum for disability of the taxpayer and of ascendants or descendants

• 3,219.81 euros per year for each taxpayer, ascendant or descendant, when the person has a degree of disability equal to or greater than 33% and less than 65%.

• 9,659.44 euros per year for each taxpayer, ascendant or descendant, when the person has a degree of disability equal to or greater than 65%.

• Plus 3,219.81 euros per year in for assistance expenses for each taxpayer, ascendant or descendant who proves that they need help from third parties or have reduced mobility, or a degree of disability equal to or greater than 65%.