Suppressors Selling a suppresor - trust owns my can

[adam1122]

How do I sell a suppressor if I am in Texas and a Trust that I set up owns my can? Does it matter if I sell it to someone out of state? I know they already need to have a trust, llc or form 4 paperwork and then maybe we can just swap serial numbers and fill out some federal/state paperwork....?

Anyone know what is needed or should I call my local can dealer and see what paperwork I need to complete to transfer the can to someone.

Thanks for the help.

 

[762frmafr]

Re: Selling a suppresor - trust owns my can

If you are selling an NFA device that is on a Form 4 to someone that is out of state there will have to be 2 tax stamps paid. One stamp to get it to the Clas 3 dealer in the buyer's home state. Then the second tax stamp to Form 4 it to the buyer. In state NFA transfers only require one Form 4. From seller to buyer.

 

[SABuzzard]

Re: Selling a suppresor - trust owns my can

I know I'm not really helping answer the question, but... what type of suppressor are you considering selling?

 

[adam1122]

Re: Selling a suppresor - trust owns my can

Thunderbeast 30P-1 in 308...all titanium can. About 150 rounds though it and in perfect condition....just curious what it takes to sell one of these things. Sounds like a pain in the butt.

 

[bamawrx]

Re: Selling a suppresor - trust owns my can

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SteelShot11</div><div class="ubbcode-body">Thunderbeast 30P-1 in 308...all titanium can. About 150 rounds though it and in perfect condition....just curious what it takes to sell one of these things. Sounds like a pain in the butt. </div></div>

Its not a pain, just sell it to someone in TX. Form 4 apps are pretty simple to do. The double taxation makes the interstate resale economically nonviable.

 

[SABuzzard]

Re: Selling a suppresor - trust owns my can

What are you asking for it?

 

[trophyhunter]

Re: Selling a suppresor - trust owns my can

in state will be your best bet on keeping your money. If someone has to pay 2 tax stamps i'm sure the can has to be marked down more to cover these cost, not cost efficient for the buyer.

remember that if you have to transfer out of state the receiving Class III is gonna charge a service fee from $50-$100 just to store the item and do the paperwork.

In state Form4's are very simple to fill out and the process is very simple.

 

[Radar360]

Re: Selling a suppresor - trust owns my can

I'm interested in getting a can, actually I would like at least a couple of them. But the trust things sort of takes the air out of my desire.

It's questions like this that keep me on the margins. What happens to it in the long hull? What would my family do with it upon my demise? or how do I sell it?

 

[bamawrx]

Re: Selling a suppresor - trust owns my can

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Radar86</div><div class="ubbcode-body">I'm interested in getting a can, actually I would like at least a couple of them. But the trust things sort of takes the air out of my desire.

It's questions like this that keep me on the margins. What happens to it in the long hull? What would my family do with it upon my demise? or how do I sell it?

</div></div>

Radar, the trust is the way to go as it among other things takes care of the estate issues right off the bat. You can read some about this on http://www.guntrustlawyer.net/nfa_trust

 

[Lowlight]

Re: Selling a suppresor - trust owns my can

I have bought a can from someone using a Trust, it was an in-state purchase and pretty much the same as buying any suppressor from my local dealer.

Met with the seller, filled out the paper work to look the same as if my dealer was doing it, but instead had the Trust information there as the seller, transferee, then mailed off the paperwork with the check.

You hold on to the can until the BATFE sends the cleared stamp back, then once you get it, turn over the paperwork and the can. You have to stay accessible because it won't happen overnight. But it was pretty much the same.

Out of state is a different matter, you have to transfer to a dealer then to the buyer I believe, bit of a hassle so find an in state buyer.

 

[Bacarrat]

Re: Selling a suppresor - trust owns my can

At least you live in TX, it shouldn't be too hard to sell. How much you asking anyways?