Question 1

What is NIE and do I need it to sell property in Spain?

Accepted Answer

NIE (Número de Identidad de Extranjero) is a tax identification number required for all property transactions by non-residents. You can obtain it through your bank or the Spanish tax office. We guide you through the process.

Question 2

How much capital gains tax do non-residents pay?

Accepted Answer

Non-residents pay 19% capital gains tax on the profit from selling Spanish property. Additionally, there is a 3% retention on the sale amount by the buyer. EU citizens may benefit from tax treaties.

Question 3

Can I sell Spanish property without being in Spain?

Accepted Answer

Yes. You can grant a power of attorney (apoderamiento) to a representative in Spain. They can sign documents on your behalf at the notary. We arrange this for you.

Question 4

How long does it take to sell a property as a non-resident?

Accepted Answer

With documentation prepared: 2-3 months. The process involves finding a buyer, tax documentation, notary signing (which can be done remotely via power of attorney), and tax compliance.