Khums: Khums on House Sale Money Kept for Interest or to Buy a New Home — What’s the Ruling?

Practical Laws of Islam as per the teachings of Imam Khamenei

Khums: Khums on House Sale Money Kept for Interest or to Buy a New Home — What’s the Ruling?

English:

Question #881:

If a person sells his house and deposits the money in a bank to get interest, what is the ruling when the khums year ends? And what if this money was saved to purchase a house?

Answer #881:

Its proceeds are not subject to khums if they build or buy the house with the income of the same khums year in order to live in it, considering it as a part of one’s annual expenses and, then, they sell it after the end of khums year.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Khums