The zakah of land and a house if one does not intend to sell them
Machine translationRead the Arabic original
Question:
This questioner, Abu Sa'diq from Riyadh, says: If a man has land or a house that is not for real estate or for sale, for example, but he sometimes watches for the price to rise, or someone who wants to buy the house comes and he looks to see if its price has increased or not, and he has no intention of selling it at all, is he required to pay zakah on it?
Answer:
If he does not intend to sell it, but rather intends it for residence or for holding as real estate, there is no zakah on it; because it does not grow. However, if he intends to sell it, he pays zakah on it when the lunar year is completed. He appraises it at its value and pays zakah on it, giving one-fourth of a tenth. Yes.
This questioner, Abu Sa'diq from Riyadh, says: If a man has land or a house that is not for real estate or for sale, for example, but he sometimes watches for the price to rise, or someone who wants to buy the house comes and he looks to see if its price has increased or not, and he has no intention of selling it at all, is he required to pay zakah on it?
Answer:
If he does not intend to sell it, but rather intends it for residence or for holding as real estate, there is no zakah on it; because it does not grow. However, if he intends to sell it, he pays zakah on it when the lunar year is completed. He appraises it at its value and pays zakah on it, giving one-fourth of a tenth. Yes.
Source
نور على الدرب - الفوزان - 03/197 — archive.org (18:12)
The Arabic text is a machine transcription of the audio recording.