Assalamu Alaikum, I could not buy a home till now as rates were always out of my reach and I didnt want to take loan from Banks and pay interest till I get old.
Alhamdulillah, I could buy plots with some money that I saved, with the intention to sell it in future (after few years) and may be own a House with the profit that I get buy selling that land.
Please let me know if have to pay Zakat for that land yearly or I have to pay when I sell it.