Answered by Shaykh Faraz Rabbani
I live and work in Saudi Arabia. My home in England is rented out and I receive rent from it on a monthly basis. My understanding is that Zakat is due on the rent that I receive not on the value of the property itself. Is this correct?

Wa Alaykum Assalam wa Rahmatullah wa Barakatuhu,
Yes, your understanding is correct: zakat is due on your rent (accounted with the rest of your zakatable wealth), not on the value of the property itself.
Faraz Rabbani