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.