Zakat On Advance Payment Amount

I have purchased a flat for which I have made full payment to the builder; the flat will be given to me after 5 years. Should I pay the Zakat for the amount I purchased the flat this year or I should pay the Zakat after getting the flat?

If Zakat is fardh (obligatory) upon you, then 2.5% Zakat of that amount is payable for every year, till you will get possession of the purchased flat. And after getting possession you will have to pay Zakat on its market value only if you purchased it with the intention of investment.


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