Assalaammualaikum
1) When calculating zakaah, is one allowed to deduct the outstanding amount on a bond or car bought via bank loan?
If so, what portion of the outstanding debt can be deducted?
2) If one only became liable for zakaah in the last six months (eg got a job six months ago only) is one liable for zakaah? How is the zakaah calculated, if this is so?
Jazakallah
1) Method is, the laibility will be instalment x12 not the total amount owing
2) Wait for one Islaamic Lunar year first. However if one wants to give Zakaat now, it is permissible. But from next year your time of Zakaat Calculation will be pegged to the time you first calculated.