An Introduction to Financial Sacrifice — Page 182
182 b. The rate for such payment will be the one fixed by his/her and approved by Majlis Karpardaz. c. The time limit for such payment is two years for all types of property after the date a assessment. d. The above time limit extends up to five years if the said property is a house and the M usi himself is residing in it Q: If a property is in the name of a M usi but he is not the sole owner of the property. Does he still have to make the H i ss a J a ’id a d on that property? A: If a M usi is not the sole owner of a property, he will have to pay H i ss a J a ’id a d according to his share of ownership. But if he has no share whatsoever and in substance the said property is someone else’s than the fact should be conveyed to Majlis K a rpard a z. Q: What if a M usi bought a house by getting a loan and is still paying the loan installments and he wants to get the assessment of house value and payoff his Wa s iyyat dues. Does he need to make the Wa s iyyat payment on the total value of the house or only on his share? A: H i ss a J a ’id a d is due on the demise of M usi. However, to avoid complex and unforeseen situations relaxation is granted to pay off one’s H i ss a J a ’id a d in one’s lifetime. So if a M usi wants to pay his H i ss a J a ’id a d in his lifetime then he will bear the obligation of loan to himself and pay his H i ss a J a ’id a d on current Market Value. But if he dies while the loan amount on such property is still outstanding, then the net amount so arrived at by subtracting the outstanding amount of loan from the current Market Value will be subjected to H i ss a J a ’id a d. QUESTIONS ABOUT PAYMENT OF WA S IYYAT AFTER DEMISE OF A M USI Q: If a M usi has already paid Wa s iyyat on his house during his lifetime. After his demise do his inheritors have to pay Wa s iyyat again on the house? A: If a M usi pay his H i ss a J a ’id a d on his property in his lifetime, his heirs do not have to pay H i ss a J a ’id a d on such property on