Birmingham Property Accountants
Protect Your Portfolio from Section 24
Stop losing your rental profit to unfair tax “restrictions.” We specialize in Limited Company incorporations, HMO tax efficiency, and aggressive CGT mitigation.
Is Your Rental Profit Being Taxed Out of Existence?
Since the introduction of Section 24, many Birmingham landlords are being taxed on “profits” they haven’t actually made. If you are a higher-rate taxpayer holding property personally, you could be paying an effective tax rate of over 60%.
At MyClearTax, we don’t just “do your tax return.” We are property tax strategists based in Acocks Green (B27). We help West Midlands investors restructure their holdings to protect their cash flow and their legacy.
Portfolio Protection for Serious Investors
1. Smart Incorporation (Beyond the Hype)
Moving property into a Limited Company isn’t a “magic button.” It triggers SDLT and Capital Gains Tax. We perform a Hybrid Incorporation Analysis to assess Section 162 Relief and determine whether you can move your portfolio without a massive tax bill.
The Goal: Full mortgage interest relief and 19-25% Corporation Tax, instead of 40-45% Income Tax.
2. HMO & Article 4 Specialism
Birmingham’s Article 4 Directions make HMOs harder to run, but the yields remain high. We help you navigate the “Capital vs. Revenue” divide on your refurbishments.
The Result: We ensure your “repairs” are fully deductible in year one, rather than being “capitalised” and locked away until you sell.
3. Advanced Inheritance Tax (IHT) Planning
Don’t build a portfolio for the taxman to inherit. We implement Family Investment Companies (FICs) and “alphabet shares,” allowing you to pass property wealth to the next generation without losing control of your assets.
We have in-depth experience with the following compliance and consulting services specific to the Manufacturing sector:
Accountancy Services
- Bookkeeping
- Financial Accounting
- Payroll Management
- Budgets and Cash Flow
Taxation Services
- Self Assessment
- Corporate Tax
- Vat Registration & Return
- Capital Gain Taxes
Build Your Legacy on a Solid Foundation.
Are you overpaying via Section 24? Is your exit strategy audit-proof? Let’s look at the numbers.
Join 500+ UK businesses who have optimized their tax position with MyCleartax.
Why Birmingham Landlords Partner with MyClearTax
We know the Birmingham market from Selly Oak’s student lets to Solihull’s luxury rentals.
MTD for IT Ready: We are fully set up for “Making Tax Digital,” ensuring your quarterly submissions are automated and error-free.
ATOL & ATED Compliance: For high-value “enveloped” dwellings, we handle the complex filings that keep you clear of HMRC’s £10k+ penalty regime.
B27 Local Authority: Based on Warwick Road, we provide face-to-face consultations for investors across Hall Green, Tyseley, and Shirley.
People Asked For
No. MDR was abolished in 2024. If an advisor tells you they can still claim it, walk away. We focus on valid 2026 reliefs, such as Mixed-Use SDLT rates and Furnished Holiday Let (FHL) transitions where applicable.
Thinking they don’t need to pay Stamp Duty. Unless you qualify for specific partnership reliefs, HMRC treats the transfer as a sale. We run the “Tax Bridge” calculation to ensure the long-term savings actually outweigh the upfront move cost.
If you manage multiple properties and use a business vehicle, we’ll ensure your CAZ charges and “green” vehicle upgrades are fully expensed against your rental income.
The deadline is here. From 6 April 2026, you can no longer file a single annual Self-Assessment via the HMRC website. You are legally required to keep digital records and submit quarterly updates using MTD-compatible software (like Xero or QuickBooks). We don’t just “help” with this; we take over the digital transition for you, ensuring your bank feeds are mapped correctly so you never miss a submission or trigger the new points-based penalty system.
The “golden era” of FHL tax perks is over. Since the regime was abolished, your holiday let is now treated as standard residential property. This means you’ve lost the ability to deduct 100% of your mortgage interest and you can no longer claim Business Asset Disposal Relief (10-18% CGT) when you sell. We will audit your portfolio to see if Incorporation or Capital Allowance “catch-up” claims on historic renovations can offset these massive new tax hits.