JWF III
Member
To clarify where these questions are coming from, I am no dealer, and as much as I'd like to own a shop (as would many other forum members), unless I win the lottery, I will not be going into this business. I just know that I'd have to own at least one of everything (heck I'm trying as it is). These questions are just coming out of curiosity.
Alright this is something that I've been wondering for a while. I know some things about NFA, but I'm no expert. So in getting to the question, if I'm wrong, please correct me.
First-Any NFA weapon can be willed to a family member upon death of the owner. (Or can it be willed to anyone legal to own such?)
Second- A Class III FFL Dealer, upon non-renewal of the FFL, can retain ownership of all pre-86 firearms, both transferable and dealer samples (pre-86). Any post-86 samples must be sold to another Class III FFL, or forfeited.
Questions are-
#1- Can the NFA weapon be willed to anyone? Or is it just family? (Assuming they're legal to own such.)
#2- Does said dealer have to pay the $200 tax for each weapon he/she retains? (My guess is only transferable weapons. If that.)
#2b- Does this now make the pre-86 dealer samples transferable? (My guess is no.)
#3- Can said dealer will the pre-86 dealer samples, just as they would the transferable weapons? Or can they only go to other Class III FFL holders? (My guess is the latter.)
Wyman
Alright this is something that I've been wondering for a while. I know some things about NFA, but I'm no expert. So in getting to the question, if I'm wrong, please correct me.
First-Any NFA weapon can be willed to a family member upon death of the owner. (Or can it be willed to anyone legal to own such?)
Second- A Class III FFL Dealer, upon non-renewal of the FFL, can retain ownership of all pre-86 firearms, both transferable and dealer samples (pre-86). Any post-86 samples must be sold to another Class III FFL, or forfeited.
Questions are-
#1- Can the NFA weapon be willed to anyone? Or is it just family? (Assuming they're legal to own such.)
#2- Does said dealer have to pay the $200 tax for each weapon he/she retains? (My guess is only transferable weapons. If that.)
#2b- Does this now make the pre-86 dealer samples transferable? (My guess is no.)
#3- Can said dealer will the pre-86 dealer samples, just as they would the transferable weapons? Or can they only go to other Class III FFL holders? (My guess is the latter.)
Wyman