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Khums and loans

Q:

Salaamun Alaikum

Hope you are well.

If I have loaned some money to an individual last year and they repaid it in the current year, am I supposed to pay Khums on the amount received immediately or do I pay Khums on whatever remains at the end of the year? 

Also, can you please clarify if lending money to someone is a deductible expense for that year?

Thanks

Wasalaam

A:

Salam alaykum.

Thank you for your question. According to the office of Ayatullah al-Udhmah Sistan, you should pay the khums for it immediately. I hope this helps. Thanks again for your question.

Shiraz Agha