It’s a fantastic way of paying a lot of tax.
Stamp duty, income tax, capital gains.
These have all been moving one way in recent years for B2L.
With the tax wrappers available (pension / ISA) I’m amazed people still actively considering getting into B2L on a one unit ‘amateur’ basis.
Bricks n mortar eh? 😉
Edit: I do not have a problem with taxation – the price of a just society etc. But to willingly take on an investment where a decent chunk of your returns will be lost to tax, is questionable, at best, IMO