FOREIGN buyers must be taxed tough to stop them gnawing up new UK homes, top Tories urge.
One Cabinet apportion has called on the Chancellor to deliver “punitive” tariffs.
Philip Hammond is also being pulpy to consider worse restrictions on future buy-to-lets.
It comes as first-time buyers onslaught to means a home while abroad investors snap up flats “off-plan” — before they are even built — then leave them empty.
The apportion said: “We have to be clever as we need to show Britain is still open for business, but we have to do something.”
It was suggested that the Treasury is sketch up restrictions on unfamiliar buyers.
It will plead housing policy with No10 this week forward of the Conservative party conference.
There are fears of a Tory wipe-out at the next election in London where last year central papers showed 40,000 properties, including blocks of flats, were purebred in taxation havens.
London Mayor Sadiq Khan has pronounced that building new homes is no use if “they are all bought by investors in the Middle East and Asia for use as second homes or they lay empty”.
Sadiq Khan has formerly pounded the use of homes as “gold bricks for investment”.
Communities Secretary Sajid Javid has pronounced worse restrictions may also be compulsory to forestall Brits gnawing up second homes.
The Treasury declined to comment.