Zakah on land prepared for sale after several years have passed

Question:
The first question: The questioner says, “I have land that I obtained from the state, and I issued its title deed four years ago. I am studying the people of the house. Is there zakah due on this land for the duration of these years? May Allah reward you.”

Answer:
In the name of Allah, the Most Gracious, the Most Merciful. May Allah make us and you among those who love one another for His sake. As for the land that you obtained and owned, then you intended to sell it and put it up for sale, and a year or years have passed over it, then zakah is obligatory on it for each year. This is based on the saying of the Prophet (peace and blessings be upon him) or as he (peace and blessings be upon him) said. It is therefore commercial land; it has become commercial, like the other goods you display for sale in your shop or in an exhibition; it is one of the goods. When the lunar year (hawl) is completed over it, you appraise it, meaning you determine its value at the completion of the hawl, then you pay out one-quarter of a tenth of the value it equals for the first year, for the second year, for the third year, and so on. Every year, you appraise it at what it is worth in that year and pay out one-quarter of a tenth. Yes.

The presenter:
May Allah bless you.