Year 305 (CCCV) was a common year starting on Monday of the Julian calendar. At the time, it was known as the Year of the Consulship of Constantius and Valerius (or, less frequently, year 1058 Ab urbe condita). The denomination 305 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years.
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305 in the context of Tetrarchy
The Tetrarchy was the system instituted by Roman emperor Diocletian to govern the ancient Roman Empire by dividing it between two emperors, the augusti, and their junior colleagues and designated successors, the caesares. It was kept in place between AD 293 and 313.
Initially Diocletian chose Maximian as his caesar in 285, raising him to co-augustus the following year; Maximian was to govern the western provinces and Diocletian would administer the eastern ones. The role of the augustus was likened to Jupiter, while his caesar was akin to Jupiter's son Hercules. Galerius and Constantius were appointed caesares in March 293. Diocletian and Maximian retired on 1 May 305, raising Galerius and Constantius to the rank of augustus. Their places as caesares were in turn taken by Valerius Severus and Maximinus Daza.