Q: How should zakaat be calculated on inheritance money which one recieves. The money was only recieved several years after the deceased had passed away. Should it be calculated from the day that the deceased passed away or from the time the money was recieved? Will there be a difference if the estate was wound up immediately upon death or if it was wound up a few years later?
A: There is no Zakaat on inheritance that has not yet been paid out. Once the heir receives his/her share, the Shar'i year will be calculated from that point onwards, provided the sum received is equivalent to Nisaab. (Fataawa Hindiyyah V1 P175)
And Allah Ta'aala knows best
Mufti Siraj Desai