Madrid Province

100% general bonus

Regulations: Seventh transitional provision and art. 20 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

Important: the Temporary Solidarity Tax on Large Fortunes is in force, the general bonus of 100% of the P wealth tax rate established in article 20 of the Revised Text will not be applicable. Instead, the taxpayer may apply an autonomous bonus determined by the difference, if any, between the total full amount of the tax itself, once the joint limit established in article 31 of Law 19/1991, of June 6, has been applied, and the total full amount corresponding to the Temporary Solidarity Tax on Large Fortunes, once the joint limit established in article 3. Twelve of Law 38/2022, of December 27, has been applied.

The 100 percent of the reduced quota. The amount corresponding to this bonus will be entered in box [50] of the declaration form. 

This bonus will not apply if the resulting rate is zero.