Resident , Not Resident or Split Resident

Resident , Not Resident or Split Resident

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My view on this situation is as follows:-

1. Still class as resident in 2004-05, however split residency rule will apply.Which means that he will not be taxed on his foreign earnings.

My Queries:-

1. Am I right? If yes, do I still need to show his foreign earnings on his Tax Return without generating a tax liability.

2. Rental Income - Will I have to prepare split rental accounts?

3. Capital Gain? Will he be liable for CGT?

I understand you guys will be pretty busy at the moment, however, I will really appreciate a quick advice please.

Angela

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