News

Private Client Team Awards and News

Awards Ranked in Tier I of eprivateclient’s Top Law Firms 2019   Private Client team shortlisted for STEP’s ‘Private Client Legal Team of the Year – mid size’ Camilla Wallace, Head… Read more →

Bulletins

Quarterly in Advance- Autumn 2019

Quarterly in advance is published by Wedlake Bell’s Real Estate Team for our clients and contacts in the property world. Contents Dear Claire – can property guardians help landlords with vacant… Read more →

Bulletins

How to protect your privacy

Transparency of ownership of UK property is part of a wider drive to deter money laundering, tax evasion and fraud. Where privacy is a concern, careful thought needs to be… Read more →

News

To b, or not to b

“To B, or not to B: That is the Question: Whether ’tis Nobler in the Mind to Suffer the Slings and Arrows of Outrageous Fortune, or to Take Arms Against… Read more →

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Wedlake Bell’s Camilla Wallace recognised as Citywealth’s Woman of the Year

City law firm, Wedlake Bell, is proud to announce that Camilla Wallace, Head of Private Client Group at Wedlake Bell has won Woman of the Year at Citywealth’s prestigious Magic… Read more →

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Spring Statement reaction: Wedlake Bell comments in eprivateclient – 14/03/2019

2019 Spring Statement reaction: Overshadowed by Brexit but tax evasion and avoidance still ‘extremely high’ on government’s agenda Yesterday’s (13/03/2019) Spring Statement by Chancellor Philip Hammond was overshadowed by Brexit… Read more →

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Inheritance Tax Review – Private Client Hub

Private Client Hub originally published the article on 17 October 2018 The Office of Tax Simplification (“OTS“) published a consultation on inheritance tax (“IHT“) in April 2018 and we are… Read more →

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Why make a will?

A Will is a legal document in which a person declares their intention as to what should happen to their assets after their death. You are not legally obliged to… Read more →

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Wedlake Bell LLP excels in nominations for the Citywealth Magic Circle 2019 Awards

Leading law firm Wedlake Bell LLP is pleased to announce that the firm has received nominations in a breadth of categories in the highly regarded Citywealth Magic Circle Awards this… Read more →

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The Latest on the deemed Domicile Rules (2018) Webinar

Income Tax and Capital Gains tax have been affected by changes to the deemed domicile rules in force from 6 April 2017. This webinar will provide you with a guide… Read more →

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Family businesses, succession planning and trusts

The article was originally published by eprivateclient on 13 November 2018. Camilla Wallace, partner and head of private client & Rosalyn Breedy, partner and head of funds, Wedlake Bell. It… Read more →

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Budget 2018: Key Private Client Announcements

Budget 2018 Private Client news: at a glance CGT main residence relief will not be available for let property unless occupation is shared with the tenant CGT main residence relief… Read more →

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Alert! New Tax charges for Non-Residents disposing of UK Commercial Property

Extension of capital gains tax to non-resident individuals and corporation tax to non-resident companies holding UK commercial property At present, non-UK resident individuals and companies holding UK commercial property are… Read more →

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Camilla Wallace’s answer has been published to the FT reader question on forcing the sale of a property through a trust

Can I force my brother to sell his share of our flat? My parents bought me and my brother our London flat from our family trust. It is in both… Read more →

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​Camilla Wallace and Michael Gardner’s joint article is published in Spear’s

The article was originally published by Spear’s on 24 September 2018. Who really owns Lynn Chadwick’s art? A dispute over the estate of the late artist and sculptor provides an… Read more →

News

PSC in property is one step closer

As it committed to do, BEIS has issued draft legislation for a new regime for “PSC in property”, in the form of the Overseas Entities Bill. This bill has only… Read more →

Bulletins

Offshore Non-Compliance under the spotlight

Undeclared offshore assets are firmly on the radar of H M Revenue and Customs (“HMRC”) in furtherance of the government’s continued crackdown on tax evasion and avoidance. HMRC have recently… Read more →

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Declaring Offshore Assets? Tick it off your summer check list…

H M Revenue and Customs (“HMRC“) has launched a new regime to encourage UK taxpayers to disclose undeclared offshore assets before 30 September 2018. This also applies to trustees of… Read more →

Bulletins

The proposed register of beneficial owners for overseas companies

The Department for Business, Energy and International Strategy recently published the government’s response to its “call for evidence” last year on proposals for a register showing who owns and controls… Read more →

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“CGT Entrepreneurs’ Relief consultation is ‘important'” – Camilla Wallace comments for eprivateclient

Partner and Head of our Private Client Group, Camilla Wallace, has commented on the publication of the consultation on CGT Entrepreneurs’ Relief for eprivateclient. On the publication, which came after… Read more →

News

Camilla Wallace has comments published on entrepreneurs’ tax relief in Irish Legal New

Following the Spring 2018 Budget, Partner and Head of our Private Client Group, Camilla Wallace, has had her comments on the Chancellor’s publication of a consultation on CGT Entrepreneurs’ Relief… Read more →

News

Lawyers welcome publication of consultation on Entrepreneurs’ Relief for Capital Gains Tax – Camilla Wallace comments for The Times’ Brief

Britain is likely to have to “press ahead on its own” with attempts to force technology giants to pay more tax in the jurisdictions where value is created, lawyers predicted… Read more →

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“Good communication is key to success as a leader” – Camilla Wallace advises at eprivateclient Seminar

Partner and Head of our Private Client Group, Camilla Wallace, has given her advice on successful leadership to young professionals at the eprivateclient Leadership Insight Seminar last week. Speaking on… Read more →

News

Camilla Wallace answers a reader’s question on “succession to the peerage” in the Financial Times

Partner and Head of our Private Client Group, Camilla Wallace, has had her comments on inheritance and succession to the Peerage published in the Financial Times, in response to a… Read more →

News

Autumn Budget 2017 – Key Points for Private Clients

The Chancellor, Philip Hammond, delivered his first Autumn Budget on 22 November 2017. The main headline was the abolition of stamp duty land tax (SDLT) for first-time buyers for properties… Read more →

Bulletins

Camilla Wallace and Charmaine Hast Named in eprivateclient’s ’50 Most Influential’

We are pleased to announce that Head of the Private Client Group, Camilla Wallace, and Head of Family, Charmaine Hast, have been recognised in the 2018 eprivateclient 50 Most Influential… Read more →

Bulletins

Navigating HMRC’s non-dom net

Although many non-doms are more likely to be worse off with the government’s tax reforms, there are practical measures to cushion the impact, writes Camilla Wallace. Non-domiciliaries (‘non-doms’) have been… Read more →

Bulletins

MAJOR REFORMS TO THE TAXATION OF NON-DOMICILIARIES

On 8 September 2017, the government published Finance Bill 2017-2019 (“the Summer Finance Bill”) reintroducing the majority of the proposed reforms to the taxation of non-domiciliaries (“non-doms”) put on hold… Read more →

Bulletins

NEWSFLASH – Government confirms reform of taxation of non-domiciliaries

On 13 July 2017, the Government confirmed that it will introduce a second Finance Bill 2017 soon after the Parliamentary summer recess to implement those policies withdrawn from the Finance… Read more →

Bulletins

IN TRUST SUMMER 2017: SIMPLIFYING THE FAMILY BUSINESS

If you have a family business that is run though a corporate structure, there could be advantages to simplifying the group. This could be for a number of reasons, including… Read more →

Bulletins

Why HMRC’s new regime under CRS is bad news for HNWs

The ‘unprecedented’ amount of data the Revenue will receive from CRS-jurisdictions puts them in a stronger position of power, writes Camilla Wallace. As from October 2017, H.M. Revenue and Customs… Read more →

Bulletins

EU Proposals for a Public Register of Trusts

Trusts in the UK have long been private structures, with information on the terms, identity of beneficiaries and trust assets only available to the settlor, trustees and certain beneficiaries. But… Read more →

Bulletins

How does Brexit affect your assets in the EU?

Camilla Wallace examines how UK citizens can best protect their European holiday homes following Brexit. The unexpected result in the Brexit Referendum has led to much uncertainty. How long will… Read more →

Bulletins

Budget 2016: Main Points for Private Clients

The Chancellor’s Budget on 16 March 2016 contained positive news for private clients, with reductions to the capital gains tax (“CGT”) rates, extension of CGT entrepreneurs’ relief, and the introduction… Read more →

Bulletins

New inheritance tax allowance for the family home

It was announced in the Summer Budget on 8 July 2015 that an additional inheritance tax (“IHT”) nil-rate band will be introduced from April 2017 for the family home, so… Read more →

Bulletins

Changes to offshore loans for UK property

Background Back in 2008 the Finance Act introduced sweeping changes to the way non-UK domiciled individuals resident in the UK were to be taxed.   The Government’s principal objective was to… Read more →