Split of profits - four owners FHL in the EEA

I own a quarter share of an FHL in the EEA. (My mum, dad, and sister each own a quarter share too.) For the purposes of my SA Tax return are the profits and losses divided into 4 so I report 25%? Or can my dad report 100% as he deals with it all and has the bank account? If he deals with it all do we just decide this or is there a form to complete? And if he declares 100% do I even need to mention it in my tax return? Thanks

Hi,
As the FHL  is owned by four menbers  and you all own 25%  of the the income  received. all parties should report  their income or losses  received on the self assessment tax return.
Thankyou.

Thanks for your reply. Neither my sister nor I receive any of the profits. My dad receives all profits, manages the letting of the apartment, has the bank account and sorts everything out. We’re named on the escritura but beyond that have nothing to do with the apartment. Do I still need to add it to my SA tax return?

Hi,
Please have a look at the guidance at INTM332000 - Double taxation claims and applications - Beneficial ownership, as the concept of beneficial ownership is a complex one. 
For further information, please contact our self assesment helpline on 0300 200 3310, or contact our webchat facility at Contact HMRC or seek professional advice.
Thank you.