It is obligatory to pay zakah every year on land set aside for trade

Question : He says: What is the ruling on a person who buys land and sets it aside for sale, and it remains with him for four years without being sold? Does he pay zakah on it every year, or does he wait until it is sold and pay it once?

Answer : We have mentioned this. It is obligatory for him to pay zakah every year. However, if it happens that he does not have any coins in his possession, we say here: he should set aside the amount of the zakah each year, and when he sells it, he pays it out. Yes.