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STEP Evening Lecture No 9 – Camilla Wallace; Wedlake Bell

May 16 at 5:30 pm - 6:30 pm

Presentation Summary: All lenders must consider the consumer credit regime before they make any loan to an individual based in the UK. Typical lending arrangements encountered in wealth management scenarios include loans made by trustees to beneficiaries, close companies to connected parties, parents to children, and between business partners and friends. Loans with an offshore element are within scope in cases where the borrower is resident in the UK and there are other factors connecting the loan agreement to the UK. In short, if the loans do not comply with the UK’s consumer credit legislation then tax can be triggered unknowingly and repayment impossible to enforce.

Presenter Bio:
Camilla Wallace 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 and their taxation.

Camilla is a member of Wedlake Bell’s Offshore, Family Office and India Groups and sits on the Board as the Head of the Private Client Group.

She is individually ranked in Chambers and Legal 500 and since 2015 she has been nominated by Spears as one of the UK’s top 50 tax advisors.

Please arrive by 5.15pm for registration, Lecture will start 5.30pm and last for approx. 45 minutes

For booking enquiries or queries, please email stepguernsey@step.org

Details

Date:
May 16
Time:
5:30 pm - 6:30 pm