Do you have to pay Spanish wealth tax?

SPAIN The Spanish Wealth Tax (Impuesto al Patrimonio) is back. It was in place until 2008, when it was set aside, but has come back again under different rules. To add to the confusion, it came back as a temporary measure (presumably against the country's financial crisis) to cover tax years 2011 and 2012, but has now been extended to include 2013 as well. (Important: Spain's tax year starts on January 1 and ends on December 31, and your tax return must be in by June 30.) The new rules include a number of allowances that should only impact the very wealthy. (A detailed article on this subject will soon be available on SpainInformer.com)