Head of Private Client Group
T: +44 (0)20 7406 1678
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.
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.
Camilla is a member of the firm’s Offshore, Family Office and India Groups.
- 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 a chattels lease in relation to a £45m art collection.
- 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 offshore trustees on the UK taxation of employee benefit trusts.
- Planning with Private Equity Carried Interests.
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.
Camilla has written a chapter called ‘Inheritance – The Foreign Connection’ in Private Client Practice: An Expert Guide, published by Solicitors Journal.
"Camilla Wallace is "an excellent private client lawyer, with fantastic technical knowledge combined with a clear, down-to-earth style that clients really appreciate," "
— Chambers HNW 2018
""She is an excellent communicator, technically very competent and demonstrates flawless professional integrity." "
— Chambers HNW 2018
"The ‘very responsive and reliable’ Camilla Wallace provides a service that is ‘second to none, and she is better than most at communicating complex tax issues to clients’."
— Legal 500, 2017
"Camilla Wallace's private wealth practice includes estate and tax planning for UK individuals, and she also advises clients with assets in multiple jurisdictions on wealth-structuring matters. Her clients include UK non-domiciliaries, offshore trustees and overseas investors. "I know her very well and have a lot of time for her," says a peer, explaining that "I've referred a few things to her and she's extremely personable and sharp.""
— Chambers HNW Guide 2017
"Nominated as one of the UK's top 50 tax advisors"
— Spears, since 2015
"Nominated as both a "Prominent Figure" and a "Power Woman""
— Citywealth Leaders List, since 2014
How does Brexit affect your assets in the EU?
EU Proposals for a Public Register of Trusts
Autumn Budget 2017 – Key Points for Private Clients
Camilla Wallace and Charmaine Hast Named in eprivateclient’s ’50 Most Influential’
Navigating HMRC’s non-dom net
MAJOR REFORMS TO THE TAXATION OF NON-DOMICILIARIES
NEWSFLASH – Government confirms reform of taxation of non-domiciliaries
IN TRUST SUMMER 2017: SIMPLIFYING THE FAMILY BUSINESS
Why HMRC’s new regime under CRS is bad news for HNWs
Budget 2016: Main Points for Private Clients
New inheritance tax allowance for the family home
Changes to offshore loans for UK property
Lawyers welcome publication of consultation on Entrepreneurs’ Relief for Capital Gains Tax – Camilla Wallace comments for The Times’ Brief
“Good communication is key to success as a leader” – Camilla Wallace advises at eprivateclient Seminar
Camilla Wallace answers a reader’s question on “succession to the peerage” in the Financial Times
Camilla Wallace has comments published on entrepreneurs’ tax relief in Irish Legal New
“CGT Entrepreneurs’ Relief consultation is ‘important'” – Camilla Wallace comments for eprivateclient
Declaring Offshore Assets? Tick it off your summer check list…
Offshore Non-Compliance under the spotlight
Camilla Wallace and Michael Gardner’s joint article is published in Spear’s
PSC in property is one step closer
Camilla Wallace’s answer has been published to the FT reader question on forcing the sale of a property through a trust
Family businesses, succession planning and trusts