I have a split year treatment question.
I intend to leave the UK and return home to Australia in August 2023. There I will be starting a full time job again.
When filing for split year treatment,
1. Do I only need to disclose my income earned in the UK up until August (April to August)? As I have few dividends / capital gains. Does this mean I can claim up to the $50,000 basic rate tax band? Then any income earned in Australia in September there is no need to declare this income?
2. I may be returning to the UK the following year in August 2024. Does this mean I still qualify for split year treatment? I note that you need to depart from the UK for one whole tax year. So would this count as one full tax year?
Thank you in advance,