The transmission of wealth is no longer simply a matter of inheritance. It has become a governance issue. International families, assets spread across multiple countries, family businesses exposed to global markets, heirs with diverse interests, and shifting tax systems make planning based solely on wills or formal ownership of assets insufficient. In this context, a trust can provide order, continuity, and protection.

Tax & Wealth Perspectives is a LEGEX analytical platform dedicated to the legal interpretation of economic trends. The newsletter explores international taxation, wealth governance, cross-border investments, global capital flows and geopolitical scenarios through an integrated approach. In a context shaped by economic fragmentation, increasing State intervention and greater mobility of wealth, law becomes an essential instrument for understanding and ordering global complexit

Italy’s real estate market continues to attract international investors, but the success of an investment largely depends on its legal and tax structuring. This article outlines the main strategies adopted by foreign investors, including the use of Italian SPVs, international holding companies and structured financing. It also examines key issues such as permanent establishment risk, the applicable tax regime and governance mechanisms designed to ensure efficient management a

The article examines how international investors can structure investments in Italy through European holding companies. It outlines the main strategic and tax advantages, including the application of the EU Parent-Subsidiary Directive, the treatment of dividends and capital gains, and the role of double tax treaties. Particular attention is given to substance requirements and governance issues in cross-border investment structures.