Does khums apply on proceeds of selling property?

I sold a property, do I have to pay khums on the proceeds of the sale? If I buy a new place [with the proceeds] to live in do I still need to pay khums?

Regardless of when your khums date is, you do not have to pay khums on the money as long as you use it to buy a new home [to live in] before a calendar year passes.

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