FenchyFoo

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?

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