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Zukat on Files,

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   FAISAL
Saturday, July 25, 2015 09:30 PM 
Reply: >
Dear,

Somebody can guide me about this

Regards
AS replied on Sunday, July 26, 2015 10:14 AM 

I have 2 plots, one is for residential purpose and the other I will sell and will construct on the Ist plot.
Both of my plots doest not subject to zakat.
Please give comments on my understanding if it is wrong.
Amer replied on Sunday, July 26, 2015 10:52 AM 

Zakat is payable on any investment(s) (File/Plot) with intention of Profit/Trade/Business Only.
It depends upon your intention, if the intention changes, the application of Zakat changes i.e. if you buy a file/plot to build a home and live (No Zakat) but if you change your plans to sell it anytime your get suitable price (Zakat is payable from the date of change of your intention). Rest Allah knows the best
Khalid replied on Sunday, July 26, 2015 09:09 PM 

Dear faisl,
As per my understanding and study ( I have same case), no ZAKAT on plot for residence. On 2nd plot you have to pay ZAKAT once at the time of sell (for const of home) on that selling price.however if you are frequently selling / purchasing then you have to pay ZAKAT annually.
UAE replied on Monday, July 27, 2015 07:59 AM 

Small confusion, please guide if someone is having proper knowledge of zakaat, sometime we buy land double size according to our requirement, like if i want to build house for me on 10 marla, initially due to lack of sufficient funds if i buy 1 kanal to get some good gain and then sale out to buy 10 marla and balance funds used for building house then zakaat will be applicable on it or not.
appreciate answer on the above
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