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So how is the UK government going to pay for the billions of Covid related borrowing without breaking manifesto pledges and marginalising traditional Conservative voters? With huge short-term deficits and… Read more →
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As part of the Tatler SOS Experts’ Corner, Camilla Wallace delves into the subject of investing sustainably and ethically and shares her advice on how to reach a consensus with… Read more →
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In an article for Wealth Briefing, specialists Camilla Wallace and Jack Martin examine the fast-changing art marketplace, where digital works are in high demand and the new patrons are wealthy… Read more →
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The Wealth Tax Commission’s Report is extensive, thoroughly researched and well-argued but will not be well received by the majority of high-net worth individuals and many Conservative voters. The proposed… Read more →
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As part of the Tatler SOS Experts’ Corner, we delve into the tricky waters of trust and inheritance. Here Camilla Wallace from Wedlake Bell LLP weighs in on what to do ahead… Read more →
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Residential Property partner Jonathan Achampong and Private Client partner Camilla Wallace join Jeremy McGivern of Mercury Home Search to discuss why London remains an attractive location for high net worth… Read more →
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Partner in the Private Client team Camilla Wallace writes about the possibility of a wealth tax being introduced by the government as a result of Covid-19 and record levels of… Read more →
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Family offices increasingly have to navigate the complexities of cross border legal issues: a necessary side-effect of globalisation. The family office will consequently need advisers on issues such as tax,… Read more →
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With the spread of Covid-19 bringing the UK housing market to a standstill and shaking financial markets across the world, families who have lost loved ones leading up to the… Read more →
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The coronavirus pandemic has pervaded all aspects of life, both personal and professional, without discrimination. Below are some essential legal housekeeping tips to keep on top of your affairs and… Read more →
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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 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
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 →
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“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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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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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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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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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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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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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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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 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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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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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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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 →
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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
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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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 →
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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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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 →
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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 →
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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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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 →
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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 →
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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
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
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
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
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
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
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 →
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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
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
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
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
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 →