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Khums or Zakat on Rental Property

Q:

for a rental property is Zakat payable on the value of the property or the rent collected from it?

A:

Alaykum Salaam.

Zakat is obligatory on ten things.  RENT is not one of these.

RENT collected, if there is any excess , after his annual expenses, then on the remaining amount KHUMS becomes wajib. which is 1/5th of the amount.

Kanize Zainab