Zakah on Land, Cars, and Houses According to Intention

The questioner:
I said: Shaykh, I bought a piece of land, a real estate property. Is there zakah on it? And does it make a difference if it is land for trade or for a port?

The Shaykh:
Look.

The questioner:
And also after I complete the enclosure.

The Shaykh:
He bought it. Yes, indeed.

The questioner:
Is there zakah on it, and does it make a difference if it is from the original trade or from construction, and do cars and houses count for that?

The Shaykh:
If you buy land, a car, a house, or anything else, this depends on your intention. If you intend to make a profit from it, intending to offer it for sale, to buy and sell in land, houses, or cars, these are trade goods, and zakah is obligatory on them when the lunar year has passed. When the lunar year has passed, you pay zakah. But if you buy these things and you do not want them for trade, but want them for yourself—wanting the car for riding, for example, wanting the house for residence, wanting the land to build on—there is no zakah on these, because you did not intend them for trade, but intended them for personal use. Yes. In the name of Allah, the Most Gracious, the Most Merciful. The lunar year begins from your intention to sell, and there is nothing due on what came before that. Yes.