C & R question...

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san408

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Is it legal for me to buy a C&R rifle, and then give it as a gift? What if the person has a C&R also?

What do I need to do to make sure everything is done correctly (if anything)?

If this has been discussed before, please allow me to apologize. I'm in a hurry and didn't do a search.
 
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Well, Yes and No.

In a nutshell, It really it comes down to intentions. If you bought the rifle intending to give it as a gift or sell it - then No. It's not legal.

However if you bought the rifle intending to put it into your collection and then later decided to sell it - then thats fine. As long as you don't sell too many too often.

I don't think it matters if the other person has a C&R or not. Except for the entry that they will have to make into their bound book.
 
Thanks for the reply. I appreciate it.

Basically if my "intent" was to have duplicates of my K31, but then I "decided" I only wanted one of them. I could give the other one to my dad, and he would have to make the proper entry for the new rifle?

Thanks.
 
Sounds legal to me. Nothing says you have to actually sell your duplicates. As for the C&R part, there are two schools. Some people believe you only have to log C&R firearms that you acquire using your C&R license and some believe you have to log all C&R eligible guns you acquire, regardless of the source. I just add all C&Rs to my bound book, whether I used the 03-FFL or not. So it's up to your dad how to handle it (unless he lives in a different state, then you have to use the C&R).
 
A fellow on one site once bragged that he used his Collectors License to buy several dozen rifles or handguns at a time, then he would pick the best for his collection and sell the rest to anyone who had the money; he said he made a lot of money that way, and that he was just "improving" his collection, which was legal. Well, maybe not. If anyone is unaware of it, this is the kind of thing BATFE looks for on the distributor's books and asks for reports on, since they view it as "dealing", not collecting. They aren't worried about a collectors licensee giving one gun as a gift as long as the recipient can own the gun legally and it is properly logged.

FWIW, BATFE has stated, in writing, that ALL C&R items in the possession of a licensed collector must be logged in his bound book, whether acquired under the license or not.

Jim
 
Jim, I respectfully submit that your statement should read "all C&R guns acquired while having the license need to be logged, regardless of whether the license was used to obtain them".

You do not need to log C&R eligible guns you possessed BEFORE you had the license, although it's ok if you want to log them.
 
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