Zakaat on an empty land
Q: We are three brothers living in one house but due to some clashes a few years back, two of us decided to move out of that house. We bought some land quickly with the intention of building a house on it. But then things settled down with our third brother and now all three of us are living in the same old house.
For the land that we two brothers bought, we have no immediate plan to build a house and it is there just in case one of us loses his job so he may start a business after selling that land.
Do I have to pay to zakaat on that land as I bought it with the intention of building a house but right now we might sell it in the future if anyone’s financial situation becomes tight?