There is no zakaah on money that is being held as compensation for taking land

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One of our brothers/sisters has asked this question:
The state took away some land of mine in order to build a road, and gave me compensation for taking away the land, but I cannot take possession of this money until several years have passed. Do I have to pay zakaah on it?.
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Answer:
Praise be to Allaah.

You do not have to pay zakaah on this money until you take possession of it; when you take possession of it you should count one (hijri) year from the day you took possession of it, then pay zakaah on it after one year. 

Shaykh Ibn Baaz (may Allaah have mercy on him) was asked a similar question, and he replied: If property has been seized and its value estimated, but the owner has not been able to take possession of it due to reasons beyond his control, no zakaah is due on it until he takes possession of its price and a full year has passed. End quote. 

Majmoo’ Fataawa Ibn Baaz (14/41) 

And Allaah knows best.

Whatever written of Truth and benefit is only due to Allah's Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.

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