Zakat Expert

If you have a second house which is neither to live in, nor for renting out then there is no Zakat due on it while it remains a long-term investment.

If you intend to sell it afterwards, only upon selling it will the proceeds be Zakatable. The proceeds will be added to your Zakatable assets. The value of the house which was initially bought as a long-term investment will not be subject to Zakat.

Of course if you do manage to sell it then Zakat may well become due on the cash proceeds that you are in possession of on your Zakat payment date.

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