Texasgrillchef
member
- Joined
- Jun 29, 2019
- Messages
- 700
If one were to buy a used suppressor from a private individual, another $200 transfer tax would have to paid again, but by the person buying the suppressor, and could not be transferred until it was approved? Would it have to go through a FFL? Is this correct or false?
If the FFL were to acquire it either as a trade in or a purchase, they would not have to pay the $200 transfer tax. but if they sell it the new owner would have to pay the $200 tax. Is this true or false?
If two people were on a gun trust, where either person was legally allowed to have the suppressor in their possession for use. Is their still one owner? Or is the suppressor said to be owned by both people?
Example.... person 1, buys and pays for the suppressor, sets up the gun trust. Pays for the gun trust. Then adds the second person (2) to that trust legally. At a later time, person 1 no longer wishes to be a part of the trust, and asks second person for money to cover the costs of the trust, suppressor, taxes, legal fee etc. even if this amount is more or less then what has actually been paid. To which person 2 agrees to pay.
Can person 1 be removed from trust? And does another $200 tax transfer fee have to be paid (by person 1 or 2) and if so does person 2 have to wait till approval to use and take possession of the suppressor?
Please let me know what I am correct or incorrect. Thanks
If the FFL were to acquire it either as a trade in or a purchase, they would not have to pay the $200 transfer tax. but if they sell it the new owner would have to pay the $200 tax. Is this true or false?
If two people were on a gun trust, where either person was legally allowed to have the suppressor in their possession for use. Is their still one owner? Or is the suppressor said to be owned by both people?
Example.... person 1, buys and pays for the suppressor, sets up the gun trust. Pays for the gun trust. Then adds the second person (2) to that trust legally. At a later time, person 1 no longer wishes to be a part of the trust, and asks second person for money to cover the costs of the trust, suppressor, taxes, legal fee etc. even if this amount is more or less then what has actually been paid. To which person 2 agrees to pay.
Can person 1 be removed from trust? And does another $200 tax transfer fee have to be paid (by person 1 or 2) and if so does person 2 have to wait till approval to use and take possession of the suppressor?
Please let me know what I am correct or incorrect. Thanks