Camilla Wallace

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 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, and 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 and Family Office groups.

• Acting as trustee or protector for clients wishing to have a professional involved with the protection and management of the settled family wealth.
• 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 mitigation, estate planning and succession.
• Advising on the creation of UK-based family and private investment offices.
• Providing exit and restructuring tax advice to “non-doms” ahead of the UK’s tax regime and the abolition of the remittance basis.

• 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 and the sustainable investing in a wealth management context. 
• Camilla also writes regularly for the industry and provides content and comment for the national press (The Financial Times, The Guardian, The Times, etc)

As part of her senior partner role, Camilla has a special focus on professional and personal well-being in the legal sector. Wherever possible and appropriate, she tries to bring about systemic change to failing and outdated legal practice management and improve communication and transparency around the issues of mental health in the workplace.

She has created a small working group called LawWell, comprising the leading private capital firms in the City, to provide a forum for senior leaders to discuss how best to combat the increasing challenges law firms face when dealing with the health and well-being of their workforce.

She is also a Champion for LawCare, the industry’s leading mental health charity.

She is a member of STEP (passing exams with distinction) and a founding member of PAIAM (Professional Advisors to the International Art Market).

Camilla speaks Spanish and French.

Awards

2019 – Citywealth’s Woman of the Year
2020/21 – STEP’s Trusted Advisor of the Year
2024 – Spear’s Private Client Lawyer of the Year