The Ruling on Zakat for Real Estate Not Meant for Trade

Question
I sold a property I own, should I pay Zakat as soon as I receive the price of the property, or should I wait for a full lunar year to pass?
Answer
I say, and with God's help: Add the price to what you have in cash. If you have a previous nisab and it has been two lunar years for zakat, then this price is to be included with it for zakat. If you do not have a previous nisab, then zakat is obligatory after two lunar years on the price of the property. And God knows best.
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