Camilla Wallace
Partner
Private Client

















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.
"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
"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.'"
— Chambers, High Net Worth 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, High Net Worth 2018
"She is an excellent communicator, technically very competent and demonstrates flawless professional integrity." "
— Chambers, High Net Worth 2018
Insights
GFOC Journal: Estate Planning for clients with UK and US connections
Insights
Meeting the 2021 eprivate client 50 Most Influential – Camilla Wallace of Wedlake Bell
Insights
Taxing Times: Potential tax reforms to cover government Covid borrowing
Insights
How should I protect my assets for my granddaughter?
Insights
60-second interview with Camilla Wallace – STEP
Insights
How can I protect the proceeds of my business sale abroad?
Insights
Landing Gear: a Toolkit for Landed Estates
Insights
RISK MANAGEMENT AND TAX COMPLIANCE FOR FAMILY OFFICES
Insights
Tatler Experts’ Corner: I’m clashing with family over our investment strategy, I favour sustainable investing, whereas they want pure financial return. How can we agree?
Insights
Will I be taxed in the US or the UK?
Insights
As Art Market Becomes More “Intangible,” How To Prove Ownership?
Insights
Emergency wealth tax ‘could wipe out UK’s pandemic bill’
Insights
Tatler Experts’ Corner: I’m about to inherit a stake in the family business, what should I be thinking about?
Insights
Prime London Property – Rebalancing Priorities for Work and Home
Insights
To b, or not to b
Insights
Wedlake Bell’s Camilla Wallace recognised as Citywealth’s Woman of the Year
Insights
Spring Statement reaction: Wedlake Bell comments in eprivateclient – 14/03/2019
Insights
Wedlake Bell LLP excels in nominations for the Citywealth Magic Circle 2019 Awards
Insights
Inheritance Tax Review – Private Client Hub
Insights
Navigating HMRC’s non-dom net
Insights
The Latest on the deemed Domicile Rules (2018) Webinar
Insights
NEWSFLASH – Government confirms reform of taxation of non-domiciliaries
Insights
Offshore Non-Compliance under the spotlight
Insights
MAJOR REFORMS TO THE TAXATION OF NON-DOMICILIARIES
Insights
Camilla Wallace answers a reader’s question on “succession to the peerage” in the Financial Times
Insights
IN TRUST SUMMER 2017: SIMPLIFYING THE FAMILY BUSINESS
Insights
Lawyers welcome publication of consultation on Entrepreneurs’ Relief for Capital Gains Tax – Camilla Wallace comments for The Times’ Brief
Insights
“Good communication is key to success as a leader” – Camilla Wallace advises at eprivateclient Seminar
Insights
Camilla Wallace has comments published on entrepreneurs’ tax relief in Irish Legal New
Insights
“CGT Entrepreneurs’ Relief consultation is ‘important'” – Camilla Wallace comments for eprivateclient
Insights
PSC in property is one step closer
Insights
Declaring Offshore Assets? Tick it off your summer check list…
Insights
Camilla Wallace and Michael Gardner’s joint article is published in Spear’s
Insights
Camilla Wallace’s answer has been published to the FT reader question on forcing the sale of a property through a trust
Insights
Family businesses, succession planning and trusts
Insights
Camilla Wallace and Charmaine Hast Named in eprivateclient’s ’50 Most Influential’
Insights