The ruling on zakah for a plot of land purchased for the purpose of trade
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Question:
May Allah reward you, O honorable Shaykh. This questioner says: I have a plot of land that I purchased for the purpose of trade, and I will sell it after a period of time. He asks: How do I pay the zakah on it?
Answer:
If you are determined to sell it, even if in the future, then you must appraise it every year at its value and pay zakah on it. You pay one-quarter of one-tenth. However, if you intend to keep it for yourself and it is not for sale, to be held for your lifetime or beyond, then there is no zakah on it.
May Allah reward you, O honorable Shaykh. This questioner says: I have a plot of land that I purchased for the purpose of trade, and I will sell it after a period of time. He asks: How do I pay the zakah on it?
Answer:
If you are determined to sell it, even if in the future, then you must appraise it every year at its value and pay zakah on it. You pay one-quarter of one-tenth. However, if you intend to keep it for yourself and it is not for sale, to be held for your lifetime or beyond, then there is no zakah on it.
Source
www.alfawzan.af.org.sa
The Arabic text is copied verbatim from the original source, without any edits.