A power of attorney is a legal document through which the owner authorises a representative to act on their behalf during the sales process. Thanks to this document, the representative can carry out specific actions, such as signing the deed of sale before a notary.
This option is common when the seller lives abroad and allows the transaction to proceed normally, provided that the power of attorney has been properly granted.
Where can a power of attorney be granted?
The power of attorney can be granted from abroad in two common ways:
- By going to a Spanish consulate.
- Before a local notary in the country of residence, provided the necessary legal requirements are met.
When the power of attorney is signed outside Spain, for it to be valid here it must be legalised or apostilled, certifying the authenticity of the document. In addition, if it is drafted in a language other than Spanish, it must be accompanied by a sworn translation into Spanish carried out by an officially authorised translator in Spain.
What documentation is required to grant a power of attorney to sell our property?
The notary will inform us of the specific documentation required to sign the power of attorney. As a general rule, the following is requested:
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A valid identification document, such as a passport.
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The draft of the power of attorney to be granted.
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In some cases, the NIE (Número de Identidad de Extranjero), especially if the power relates to transactions in Spain.
Once the power of attorney has been properly legalised or apostilled and reaches Spain, it can be used immediately. However, timeframes may vary depending on the country from which it is processed and the time required to send the documentation.
This type of power of attorney is common in transactions involving owners who live abroad and is used, among other cases, for the sale of property in Spain from overseas, as well as for other administrative or legal procedures.
What taxes does a non-resident foreigner pay when selling a property?
When a non-resident sells a property in Spain, they must bear in mind that the Spanish tax system operates differently from that applicable to residents. For this reason, it is important to understand which taxes are payable when selling a property, when they must be paid and why.