Can someone advise on the process to sale a suppressor privately between individuals. Specifically if we can use the new online system with the ATF. Both parties are texas residents so its not moving across state lines.
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If it's someone you trust and you do single shot trusts just add him and have him hand you some cash. This is why I only do single shots.
sounds like a massive loophole to meInteresting. I'm wondering if it can be amended to remove yourself from it as well at some point.
Wouldn't that make for another $200 transfer?If it's someone you don't know, you could always have a 3rd party handle the transfer (dealer). You sell it to the individual, he pays you in front of the dealer, you transfer the can from you to the dealer, then the dealer holds the can, and transfers it to the individual buying it until their Form 4 is approved. I'm sure the dealer will charge them a transfer fee, but hey, it's safer for you as the seller, as it left your hands when it became the dealer's property.
For the person buying it from the dealer when they submit their Form 4... It shouldn't charge the dealer $200 being that they're an FFL/SOT. But i'm not a dealer, and I've never sold a suppressor, so I have no idea. I know dealers transfer things on Form 3 amongst themselves all the time, so I don't think that costs $200 per item, or nobody would be selling suppressors, because there would be no money in it.Wouldn't that make for another $200 transfer?
A good trust attorney will tell you it’s tax evasion.sounds like a massive loophole to me
Don’t do this…If it's someone you don't know, you could always have a 3rd party handle the transfer (dealer). You sell it to the individual, he pays you in front of the dealer, you transfer the can from you to the dealer, then the dealer holds the can, and transfers it to the individual buying it until their Form 4 is approved. I'm sure the dealer will charge them a transfer fee, but hey, it's safer for you as the seller, as it left your hands when it became the dealer's property.
You wouldn't be transferring it to the dealer if selling to someone in the same state.So $200 to go from old owner to dealer.
Then $200 to go from dealer to new owner.
And twice the wait time.
Individual to individual, sure.You wouldn't be transferring it to the dealer if selling to someone in the same state.
They can’t. NFA rules are very specific about possession.Individual to individual, sure.
FuhQ was saying to have a dealer hold the can while the stamp is pending for the new owner. My question was, can the dealer hold an item that's not on their books as a third party of a transfer.
In escrow, yes.That's what I thought. So it eliminates using a 3rd party to hold the suppressor unless you want to double the wait time and transfer tax.
You could have a 3rd party hold the money though.
That’s not what I was saying…. Don’t put words in my mouth.Individual to individual, sure.
FuhQ was saying to have a dealer hold the can while the stamp is pending for the new owner. My question was, can the dealer hold an item that's not on their books as a third party of a transfer.
Exactly…Honestly man the best thing to do with a suppressor you don't want/need is to just build a gun around it and stash it somewhere handy.
Unless you singleshotted it and want to give it to a family member or one you trust as such.
Yes this is all unjust etc etc.
That’s not what I was saying…. Don’t put words in my mouth.
I was referencing letting a dealer be the middle-man. Transferring it to the dealer, then letting the dealer transfer it to the individual. I never once said anything about “off the books”.
ExactlyHonestly man the best thing to do with a suppressor you don't want/need is to just build a gun around it and stash it somewhere handy.
Unless you singleshotted it and want to give it to a family member or one you trust as such.
Yes this is all unjust etc etc.
What happens if they dont want to pay you then once the can is now officially in their name?This makes sense. is there a legal requirement that would have to take his money before the transfer. could you not just wait exchange money and can once the stamp comes back?
Once the stamp comes back, it is his according to the law- regardless of whether money has changed hands...This makes sense. is there a legal requirement that would have to take his money before the transfer. could you not just wait exchange money and can once the stamp comes back?
BingoWhat happens if they dont want to pay you then once the can is now officially in their name?