My parents reside in Italy and own half a million invested in stocks and bonds.
Capital gain is taxed at 26% in Italy.
I live in Switzerland where capital gain is tax free.
Is there a legal/contractual instrument for me to “own” and manage their money, so that any capital gain is tax free (I live in Switzerland)?
They should retain the right to get their money back, for example to automatically get them back at any time when they need.
Any ideas/experience is welcome.