c&r+trust+nfa=$400 tax?

[45bthompson]

I did a search and my results are still a little fuzzy. I am a c&r holder in Nebraska. I want to buy an out of state Thompson with my c&r to avoid the transfer fee. I also want to use my revocable living trust. I have heard that a trust can not apply for a C&R license. So does that mean I would have to buy it then transfer it to my trust and pay for two stamps?

 

[Bubbles]

You are correct in that a trust can not be issued an FFL. So, the transfer to you personally under your C&R FFL would be one stamp, and then the transfer into the trust, a completely separate legal entity from you, would require a second Form 4.

 

[zoom6zoom]

This is correct. So you need to see if it's cheaper to just pay the transfer fee and not use your C&R on this one.

 

[Swing]

Yeppers. C&R is an individual, not a corp. So two tax stamps. Depending on your friendly, neighborhood C3 dealer, it might be cheaper to just pay the transfer tax there and call it good.

 

[medalguy]

Transfer it into your state to an SOT, should be taxfree from SOT in the other state, then to your trust, one transfer fee required. This is unless the gun is presently owned by an individual in another state, then a fee to his SOT, for a total of two fees in that situation. Forget about the C&R, it's no help to you in this situation.

 

[45bthompson]

Thanks for the responses. I was hoping I had overlooked some loophole. I guess I'll just use the local SOT as it will cost $100 less than another stamp. By the way... Is $100 a reasonable price for a nfa transfer?

 

[medalguy]

That's a pretty common charge around here, and from what I read, nationally that's about right.

 

[BeltFedEd]

$50 around here.

 

[Jim K]

An SOT is not required on either end if the buyer/transferee has a C&R license and the item is a C&R (as a WWII TSMG is). There is only one transfer tax; once the Form 4 is approved, the seller/transferor can ship the gun directly to a C&R holder in another state. In fact, as a long gun, it can be mailed (USPS) and does not need to be shipped by a common carrier.

But the transfer would be to you, the C&R holder, not to the trust; as noted, that would require another transfer.

Jim

 

[Maryland_Shooter]

This is correct. So you need to see if it's cheaper to just pay the transfer fee and not use your C&R on this one.

The bad news is, any C&R gun must be entered in the C&R bound book, even if it was not acquired using a C&R.

I know - makes no sense. Call ATF.

3rd post here, so I don't expect to have any credibility; however, please check with ATF.

The good news is an additional tax stamp is not required to simply log it on the C&R book.

 

[Maryland_Shooter]

You are correct in that a trust can not be issued an FFL. So, the transfer to you personally under your C&R FFL would be one stamp, and then the transfer into the trust, a completely separate legal entity from you, would require a second Form 4.

Hey Bubble, remember me?

Good to see you

 

[jmorris]

Is $100 a reasonable price for a nfa transfer?

My guy is only $20 but he just prints out the form, I am the one that mails in the paper work, if that makes any difference.