Zakah on what is prepared for trade
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A person bought land with the intention of trading, but it remained in his ownership for a long period. Is there zakah on it?
If a person buys land for trade, he must pay zakah on it every year, whether its value increases or decreases, and whether it is in demand or stagnant. He must appraise it each year at its current value. Then, if he has money, he pays the zakah from the money he has. If he does not have money, he records the zakah due for each year in that year, and when he sells the land, he pays the zakah for the years that have passed.
If a person buys land for trade, he must pay zakah on it every year, whether its value increases or decreases, and whether it is in demand or stagnant. He must appraise it each year at its current value. Then, if he has money, he pays the zakah from the money he has. If he does not have money, he records the zakah due for each year in that year, and when he sells the land, he pays the zakah for the years that have passed.