Hi All, Wondering if you could please advise: A person owns a PTY ltd and is the only shareholder of the company, he then takes employment with another company (a CC) and the PTY ltd remains open, but not in use- The person then gets an offer to become a shareholder in the CC he is currently employed at, which he plans on doing- what would the tax implications be? Is it best to de-register the PTY ltd and how would he go about doing this?

Also if the PTY Ltd is dormant, should he be submitting income tax returns even if it is nil? He pays his annual fees to the CIPC to keep the company open.