Community of Madrid
(Art. 2 of the 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 the minimum for regional descendants:
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2,400 euros annually for the first descendant who generates the right to apply the minimum for descendants.
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2,700 euros per year for the second.
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4,400 euros per year for the third.
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4,950 euros per year for the fourth and subsequent rooms.
When a descendant is under three years old , the amount corresponding to the minimum for descendants, as indicated above, will be increased by 2,800 euros per year .