Q: A husband and wife bought a residential property (used for commercial purposes) as a going concern in 2011 for $720,000 with a café lease in place. After one month, the café lease expired and commenced a beauty therapy business as a partnership until June 2014, when they divorce. The registration of the partnership was cancelled and the business continued trading from the premises as a sole trader registered for GST. Now, the owners want to sell. A non-GST registered party provided an offer to purchase as residential. What are the GST implications? Is a balancing adjustment necessary and if so, from what date? Is it complicate due to the deregistration of partnership in 2014?