Camilla Wallace

Senior Partner

Private Client

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Expertise

Camilla advises high-net-worth individuals, both UK and non-UK domiciliaries, on estate planning to mitigate the incidence of inheritance tax and control the devolution of estates using lifetime gifts, trusts and tax-efficient wills. She also provides advice to clients on capital gains tax and income tax mitigation strategies as regards lifetime tax planning.

She has spent many years acting for the trustees of various family trusts, including those of significant value. This has involved dealing with the legal and tax problems which trustees commonly face, be they the needs and requirements of beneficiaries (and occasionally disputes with them) or the management of trust assets. Her expertise covers areas such as landed and agricultural estates, heritage houses and chattels, investment management including residential and commercial property, and global tax-efficient structures.

Camilla has experience of both offshore and onshore trust structuring and advising trustees and beneficiaries in relation to the day-to-day management and administration of trusts and estates, including landed estates across England and Wales.

Camilla is a member of the firm’s Offshore, Family Office and India Groups.

Recent Experience

  • Drafting wills, lasting powers of attorneys and lifetime trusts to mitigate tax or carry out estate or succession planning.
  • Advising mixed US/UK citizen couples on their UK tax and estate planning.
  • Drafting documents and providing tax advice as regards the ownership, transfer and enjoyment of high value art.
  • Providing pre-arrival tax and remittance planning to non-UK domiciliaries (particularly Russian, Indian, Middle Eastern, Chinese and French).
  • Advising on the UK tax implications of UK real estate structures set up by non-UK domiciled individuals (resident and non-resident in the UK).
  • Advising entrepreneurs pre-liquidity as regards tax litigation, estate planning and succession.
  • Advising on the creation of UK based Family and Private Investment Offices.

Career History

Camilla trained at US firm Dechert and thereafter was a solicitor in the Private Client team at Macfarlanes. She is a member of STEP (passing exams with distinction) and a founding member of PAIAM (Professional Advisors to the International Art Market).

Camilla qualified as a solicitor in 2004 and obtained a Master of Arts degree in Spanish from the University of Edinburgh.

Camilla speaks Spanish and French.

Publications

  • Camilla has written a chapter called ‘Inheritance – The Foreign Connection’ in Private Client Practice: An Expert Guide, published by Solicitors Journal.
  • Camilla is a contributor to Tatler’s “Expert’s Corner”, writing articles on inheriting a stake in the family business (November 2020) and the sustainable investing in a wealth management context (April 2021).
  • Camilla also writes regularly for the industry and national press and a selection of her articles are listed under the “insights” links below.

 

Matthew Braithwaite and Camilla Wallace are leaders in the market, and both speak impressively in public.

Legal 500, 2025

Camilla is remarkable in her interface with clients, she is concise and very amiable. It feels like you're talking to someone in your own village, and it's founded on this layer of lightning technical knowledge.

Chambers, High Net Worth 2023

Camilla is phenomenal.

Chambers, High Net Worth 2023

Camilla is leading a fantastic team of technically astute solicitors, and the firm always delivers.

Chambers, High Net Worth 2023

Camilla Wallace is compassionate, yet whip smart, instantly recognising priorities when circumstances are complex. She is supported by a superb team.

Legal 500, 2023

Camilla Wallace – very discrete and gives me real confidence.

Legal 500, 2023

Camilla Wallace works on cross-border estate planning and tax matters. "Camilla is pretty outstanding. It is her manner with clients and the strong direction she gives, and she has very strong technical analysis, too. I really enjoy working with her," says a source. Another interviewee says that "Camilla asks incisive questions and provides sophisticated advice, and delivers this with warmth and kindness.

Chambers, High Net Worth 2022

Camilla Wallace is head of the private client team at the firm and advises domestic and international clients on trusts and estate planning. "She has absolute technical rigour and very strong client-handling skills," enthuses one industry expert, while another source notes: "She is a very smart private client lawyer who is very good with clients and intermediaries." The source adds: "She is also very engaging and incredibly smart."

Chambers, High Net Worth 2020

News

Wedlake Bell Senior Partner wins Spears ‘Tax & Trust Lawyer of the Year’ award

Millie Wallace used the platform to promote the importance of protecting mental health in the workplace. Huge congratulations to Wedlake Bell’s Senior Partner, Millie Wallace, who won ‘Tax & TrustRead more

Legal Podcast

Wedlake Bell Employment Podcast – It is time to prioritise mental health in the workplace (Part 2)

Part 2 of our Employment Podcast celebrating World Mental Health Day is here! Listen to Employment Partner Stephen Ravenscroft and Senior Partner Camilla Wallace continue their conversation about mental healthRead more

Legal Podcast

Wedlake Bell Employment Podcast – It is time to prioritise mental health in the workplace (Part 1)

To mark World Mental Health Day on Thursday 10 October 2024 with the theme ‘It is Time to Prioritise Mental Health in the Workplace’, the next edition of the WedlakeRead more

Globally Speaking

Wealth and politics

With the Labour government’s first Budget fast approaching on 30 October 2024 (“Autumn Budget“) and the party’s known position on the “broadest shoulders” bearing their fair share of the country’sRead more

News

Senior Partner comments for Spear’s Magazine – Where are the new non-dom hubs? Advisers reveal leading destinations after Labour win

In light of the recent Labour general election win, many ultra-high-net-worth individuals are exploring relocation to avoid potential changes to the non-dom regime. Senior Partner, Camilla Wallace highlights Italy, Dubai,Read more

News

Wedlake Bell advises Solventis Group shareholders on Brenntag acquisition

Wedlake Bell has advised the shareholders of European chemical and solvent suppliers, the Solventis Group, on its acquisition by global market leader in chemicals and ingredients distribution, Brenntag. The firmRead more