Camilla Wallace

Partner specialising in advising high-net-worth individuals, both UK and non-UK domiciliaries, on estate planning to mitigate the incidence of IHT 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. Camilla has experience of both offshore and onshore trust restructuring and of advising trustees on the day-to-day management of trusts. She also advises executors and beneficiaries on the administration of estates and trusts. Recent projects include advising Channel Islands trustees on an employee benefit trust following the introduction of the UK’s disguised remuneration rules; advising Greek and Russian domiciled individuals on pre-arrival tax mitigation strategies; advising executors on the administration of a £20m estate comprising both UK and non UK situated assets; advising Isle of Man trustees on the winding up of an offshore trust and UK taxation on distribution to UK resident and non-UK resident beneficiaries and advising a UK named couple on their inheritance and capital gains tax liabilities as regards an extensive property portfolio comprising a country estate, London real estate, furnished holiday accommodation and property in Spain. Camilla is a member of Wedlake Bell’s offshore group India team, and is named one of the country’s ‘Top 35 Under 35’ in ‘Private Client Practitioner’ magazine for three consecutive years (2009-11). She has been named as a ‘prominent figure’ in the Citywealth Leaders List every year since 2012. She was also named as a Rising Star in Tax Law by Reuters in 2013 & 2014. · Wedlake Bell LLP