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What will be the ratio/process for calculating the zakat on plot.?

Answered as per Hanafi Fiqh by Jamia Binoria

Dear sir Assalam u Alakum I had purchased a residential plot to make a house of my own. But after few years, I have purchased a separate house. Now I intend to keep the previous plot for my children. Kindly guide me for the zakat on the previous plot is valid or not and what will be the ratio/process for calculating the zakat on plot.
Thanks and best regards

الجواب حامدا و مصلیا

In such circumstance it is not Wajib upon the questioner to pay Zakath on the said plot.

This Q&A was indexed from the official english fatwa portal of Jamia Binoria. It is an Islamic educational institute in Karachi, Pakistan.

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