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Does a dormant cc count in generating my personal ITR12?

Posted 29 January 2016

Alex says:
29 January 2016 at 15:19

If I am a member of a close corporation that has ceased trading (I receive no income from the cc) prior to the year of assessment, should I still enter "Y" in my personal ITR12 (in which case a "Statement of Local Assets and Liabilities" section is added to the form. Or can I enter "N"?

TaxTim TaxTim says:
29 January 2016 at 15:28

You can enter N in that case.

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