Zakah on plots of land with the intention to resell in the future
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As-salamu alaykum,
Do you need to pay zakah every year on a plot of land if the intention at the time of purchase was to resell, maybe 10 or more years, in the future ?
On askimam.org they say that you don't need to pay zakah every year if the intention is to resell in the future: http://www.askimam.org/public/question_detail/26513
However other sources say that you do need to pay every year: http://seekersguidance.org/ans-blog/2012/03/04/zakat-on-land-and-determining-market-value/
Could someone please clarify exactly what the Hanafi position is. Does buying land with the intention to resell a long time in the future make it stock in trade ?
Jazāk allāhu khayran
Asked by Missing Chromosome
(71 rep)
Jul 12, 2014, 01:08 PM
Last activity: Nov 18, 2020, 10:14 AM
Last activity: Nov 18, 2020, 10:14 AM