Question
If a person sells a piece of land, does he pay zakat upon receiving the payment or after a year? And if he has land and a building he constructed for resale, does he pay zakat on that?
Answer
I say, and with God's success: If he has two lunar years at a specific time of the year, he should pay the zakat on the price of the land at that date along with the rest of his wealth, and he is also required to pay zakat on the building he constructed for sale at that same date. And God knows best.