Question
Is Zakaat payable on fixed property?
Answer
If property has been purchased for reselling, then there is Zakaat payable on the current market value of the property. If it has been acquired for rental income, not for reselling, then Zakaat is not payable on the property.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 25 No 02
- PDF page
- 5
Appears under BROILER CHICKENS AND PIGS? (approximate).