The Ruling on Zakah for Land Prepared for Sale
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The question: He says: A woman owns a residence, and she owes half of its price as a debt. She also has a courtyard. Is zakah obligatory on the courtyard based on its purchase price or its selling price? She intends to sell it to pay off her debt, and she has owned it for three years.
Answer: She owes zakah on it if the courtyard was prepared for sale. From the time it was prepared for sale, she owes zakah based on its value from the time she prepared it for sale, whether she prepared it for sale to pay off the debt or for other reasons. A courtyard prepared for sale is considered merchandise for trade. If a lunar year passes after she prepared it for sale, it is subject to zakah based on its value at the completion of the lunar year, as previously mentioned. Yes.
Answer: She owes zakah on it if the courtyard was prepared for sale. From the time it was prepared for sale, she owes zakah based on its value from the time she prepared it for sale, whether she prepared it for sale to pay off the debt or for other reasons. A courtyard prepared for sale is considered merchandise for trade. If a lunar year passes after she prepared it for sale, it is subject to zakah based on its value at the completion of the lunar year, as previously mentioned. Yes.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.