Madrid's community: Minimum amounts for descendants
Regulations: Art. 2 of the 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.
The following minimum amounts for descendants are established to be applied by taxpayers residing in the territory of the Community of Madrid for the calculation of the regional tax:
Applicable amounts
- 2,400 euros per year for the first descendant who generates the right to apply the minimum for descendants.
- 2,700 euros per year for the second.
- 4,400 euros per year for the third.
- 4,950 euros per year for the fourth and subsequent years.
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 2,800 euros per year.
Important: The amounts of the minimum for descendants for the first and second child, as well as for descendants under three years of age coincide with those established in article 58 of the Income Tax Law, while those for the third and fourth child and subsequent children replace those established in the aforementioned article.