I helped a friend manage her property on Airbnb.
The Airbnb money went into my account, the costs came out of my account and I transferred to her 50% of the profit (keeping the other 50% for myself).
The total money into my account exceeded £85,000
My question is, is this +£85,000 contributing to my turnover limit for VAT or hers?
If it's hers then how do I figure out what my turnover was. If it is mine then, is that what all 'property managers' face when dealing with their client's money: their client's funds in and out contribute to their turnover and they could end up having to register for VAT?