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.
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.
- 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.
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 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.""
— HNW Chambers 2020
"The 'highly regarded' Camilla Wallace leads the firm's private client team. Peers report that she is an 'excellent private client lawyer, with fantastic technical knowledge combined with a clear, down-to-earth style that clients really appreciate.' Wallace advises a range of clients on estate planning, wills, trusts and tax planning matters. Interviewees also note: 'Camilla has an outstanding personality and a remarkable strength in working and pointing out the core issue of a specific matter, and does all this in a very enjoyable, clear and relaxed style.'"
— HNW Chambers 2019
"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
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