Houses, cars, boats… so you can access the auctions of the Tax Agency

The assets seized by the Tax Agency end up in a public auction to which all citizens can bid.

Each Autonomous Community holds auctions on the goods they seize, and there you can find all kinds of goods, especially vehicles and homes, but also furniture, appliances or even shares in companies.

As the AEAT explains, the process consists of selling goods that come from defaults, mainly from foreclosures or credit defaults. To cover the cost of these debts, the Administration auctions the seized assets through its website.

To be able to access these auctions, it is enough to register with the electronic DNI or a permanent Cl@ve obtained in person.

Once inside the system, you must select a Community and there you will be able to see what goods are auctioned in them, the value of each package, a detail of the products and the date on which the contest will be held.

This is how public auctions work

Once the announcement of an auction is published in the BOE, bids will be opened on the online platform in 24 hours – it is not possible to bid in person.

The bidding will be open for 20 days and in order to participate you will have to leave a 5% deposit on the price we offer.

On the 20th, the auction will close one hour after the last bid is made, and if it is at the end of the day, the bidding period will be extended for a maximum of 24 hours to comply with this rule.

When the auction process is over, as explained by the AEAT, the Board in charge of the process has 15 days to award the package. If the maximum offer is equal to or greater than 50% of the value of the property, that person will be the winner.

But if the best amount offered is less than 50% of the value of the property, they may declare the auction void. Although there is no minimum sale price, it is up to them, and they can accept that amount justifying the public interest.

Once awarded, the winner has 15 days to pay the difference between the 5% down payment and the price paid, and will then receive the item from the auction. If you cannot pay the amount you have committed to, you will lose the amount advanced.

The agency reminds that until the winner of the bid has not received the certificate that makes him the owner of the property, the debtor who was seized can pay his debt and recover the house or vehicle, which would annul the auction.