Community of Madrid

Regulations: Articles 2, 2 bis, 2 ter and 2 quater Consolidated text of the legal provisions of the Community of Madrid regarding 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 minimum taxpayer, by descendants, by ascendants and by regional disability:

Taxpayer tax-free threshold

• 5,956.65 euros per year on a general basis

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

• Additionally, 1,502.58 euros annually 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 rooms.

When a descendant is less than three years old, the amount corresponding to the minimum per descendant, as indicated above, will be increased by 3,005.16 euros annual.

Tax-free threshold for ascendants

• 1,234.26 euros annually .

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

Minimum for disability of the taxpayer and ascendants or descendants

• 3,219.81 euros annually for each taxpayer, ascendant or descendant, when they are a person with a degree of disability equal to or greater than 33% and less than 65%.

• 9,659.44 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 3,219.81 euros annually in concept of assistance expenses for each taxpayer , ascendant or descendant who certifies needing help from third parties or reduced mobility, or a degree of disability equal to or greater than 65%.