Inheritance Tax Advisors in Birmingham

Protect Your Family’s Legacy

You have worked a lifetime to build your wealth. Don’t let 40% of it disappear to HMRC. At MyClearTax, our Birmingham-based specialists provide expert, discreet advice to help you pass more of your estate to your loved ones.

Inheritance Tax (IHT) is often a “voluntary” tax, with the right planning, much of the liability can be legally reduced or even eliminated. We create a roadmap to protect your assets for the next generation.

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What We Do ?

Why Birmingham Families Choose MyClearTax

Most people don't realise how much tax their family will owe until it's too late. We provide proactive planning to minimise the burden:

  • Maximising Thresholds: We ensure you are fully utilising the Nil Rate Band and the Residence Nil Rate Band, helping married couples protect up to £1 million from tax.

  • Business Relief (BR): If you own a trading business in Birmingham, we audit your structure to ensure it qualifies for 100% relief, keeping your life’s work in the family.

  • Life Insurance Trust Planning: We advise on placing life policies "Under Trust" so the payout covers tax bills without being taxed itself.

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Our Inheritance Tax Services

We provide technical expertise for complex estates across the West Midlands.

1. Business Property Relief (BPR)

For entrepreneurs in areas like the Jewellery Quarter or Solihull, your business is your biggest asset. We ensure your company meets HMRC’s “trading” criteria so it can be passed on tax-free.

2. Trust & Estate Coordination

We work with your legal advisors to ensure your Will is tax-efficient. We advise on the use of Trusts to protect assets for your children and grandchildren while maintaining control over your wealth.

3. Probate & IHT400 Support

If you have lost a loved one, we handle the difficult task of valuing the estate and filing the complex IHT400 forms with HMRC, making the probate process as smooth as possible.

Let us be a part of your success story today!

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Why High-Growth Firms Choose MyClearTax

1. Fixed-Fee Certainty

No hourly clocks and no surprise invoices. You pay a transparent monthly retainer for the value we deliver, allowing you to budget with 100% accuracy.

2. A Real-Time Tech Stack

We are Xero and QuickBooks Platinum partners. We integrate your accounts with tools like Dext and Chaser to automate the boring stuff and keep your data “live” 24/7.

3. Local Expertise, Direct Access

We are local experts who understand the Birmingham market. Whether you are in the Jewellery Quarter or Digbeth, we provide face-to-face support to help your business stay strong.

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Testimonials

We’re Happy to get Our Happy Customer Feedback

Steven Sjones

CEO Founder

“ Your team is professional, efficient, and always willing to go above and beyond to ensure that my finances are in order. ”

Mrs Rebeka

Finance

“ I have been using your bookkeeping services for the past six months and I am extremely satisfied with the level of service I have received. ”

Robert Smith

CEO

“ As a busy business owner, I don’t have the time or the expertise to handle my own bookkeeping. That’s why I’m so glad I found your company. ”

Our Answers

Frequently Asked Questions

You learn more about MyCleartax's accounting, bookkeeping, and tax services with these frequently asked questions.

It’s seamless. We handle the entire transition for you. Once you give us the green light, we contact your current accountant, request your 'Professional Clearance' and historical data, and migrate your books to our cloud systems. You don't have to have a single awkward conversation.

No. In fact, waiting is usually a mistake. We can take over at any point in the year. We’ll perform a 'mid-year catch-up' to ensure your current books are clean and start providing management reports immediately so you can fix your margins before the year-end arrives.

The standard Nil Rate Band is £325,000. However, if you are passing on a main home to your children, you may get an additional £175,000 allowance. We help you calculate your family's exact position.

Gifts made to individuals are usually "Potentially Exempt." If you live for 7 years after the gift, it is tax-free. If not, "Taper Relief" may reduce the tax due. We help you track and plan these gifts.

If your company is a "trading" business (not an investment company), it may qualify for 100% Business Relief. We perform a full audit to confirm your eligibility.