Your brother and yourself can't be forced to wait for a third party to receive the funds and distribute them. You can be handed a check in your name when you go to the Notary and then another one in your brother´s name for the amounts owed to each of you. If you don’t have a Spanish bank account you can ask the buyer to transfer the amounts to your bank accounts in your home country, but the buyer will certainly want to wait until the purchase deeds have been signed before he can send the transfers, and this entails certain risks for you. The buyer will retain a 3% from your share amount, on account of he Capital Gains Tax, as well as another amount for the Plusvalia.
We strongly recommend you to appoint a lawyer or someone you fully trust to deal with this transaction.
Regards,
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