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Zakaat on land purchased with the intention of resale

Q: A person purchased land abroad with the intention to sell and make profit 8 years ago. The price of this land has risen, thought is stagnant at present. However due to a decline in foreign investors in the country the market for foreign companies purchasing land from individuals is at a standstill. Therefore being unable to sell this land for the foreseeable future would one be required to pay zakaat on this? If so, at what price? i.e market or purchase price?

Zakaat on land that was purchased with the intention of resale

Q: I am living abroad and my question is that I purchased two plots and decided that I will construct a house on one plot and and sell the second plot to utilize that amount for construction, guide me about the zakaat on those two plots. Secondly I have booked one house two month ago for four year installments and possession will be after installment. Guide me about the zakat on that house.