Suppressors Suppressor transfers in the no tax stamp era

[TBK]

Before buying suppressors, I set up a gun trust but I never used it. When Form 4 Individual applications were being turned around in less than 48 hours, that is the path I took. My rationale was that it is only me, myself, and I using them. I have them bequeathed in my will with Form 5 no-tax transfers pre-filled for the beneficiaries.

Once the fee is gone, I may transfer them from my as an individual to my trust. (I refuse to pay the gubbermint twice.) I assume it will be a Form 4 transfer. I wouldn't care how long it takes to process because I already have them. It may be irrelevant if GOA succeeds with its suit. Since it is still an NFA item, the trust just makes it a little easier to share with friends and family if I ever get less selfish. ;-)

Is anyone else thinking about this? Is it worth even bothering?

 

[Maurygold]

It’s a good idea since you already have the trust and I hope (but doubt) we’ll get rid of the nfa

 

[VanJoe]

I'm leaning to the opposite, get them out of the stupid trust. The only reason I did the trust in the first place like 7 or 8 years ago for my first suppressor purchase was because all the local shops were saying that supposedly I couldn't get a local LEO signoff so the trust was the only way to go. Of course they were pushing a trust they just happened to be selling. Was a junkie generic trust so I just got one offline instead. They seemed to act like never saw an "outside" trust before when I showed up with to buy a can.

 

[Ronin_64]

I'm leaning to the opposite, get them out of the stupid trust. The only reason I did the trust in the first place like 7 or 8 years ago for my first suppressor purchase was because all the local shops were saying that supposedly I couldn't get a local LEO signoff so the trust was the only way to go. Of course they were pushing a trust they just happened to be selling. Was a junkie generic trust so I just got one offline instead. They seemed to act like never saw an "outside" trust before when I showed up with to buy a can.

Counterpoint. I was happier with having a trust when things were a bit looser and you could add trustees without all the added hassle. Having said that, I still like the ability to add/remove individuals so that multiple people can have possession/use the items in the trust, particularly so, since around the time that they recently tightened up on trusts and individual ownership of NFA items (eight years ago?) there were actual debates as to whether a non-owner could “use” an NFA item even if the owner was present. +1 on having a trust

 

[Holliday]

I actually brought this up in another thread. A lot of folks are going to be doing this. Also if there will be folks who will go the individual route because it is easier and a bit faster, then transfer to trust once can is in hand.

I am predicting the system is about to get swamped. Whoever came up with the zero tax idea to begin with should be shamed into oblivion for their utter stupidity. Whoever it was knew gun owners too well and punked us good.

 

[KnowNothing256]

I actually brought this up in another thread. A lot of folks are going to be doing this. Also if there will be folks who will go the individual route because it is easier and a bit faster, then transfer to trust once can is in hand.

I am predicting the system is about to get swamped. Whoever came up with the zero tax idea to begin with should be shamed into oblivion for their utter stupidity. Whoever it was knew gun owners too well and punked us good.

At the risk of getting pulled into a conversation for which I have zero passion: The zero tax was a way to get it done within the rules of reconciliation, so that it could pass at all.

Eliminating the NFA would have been too far removed from the scope of the budget for it to pass without a supermajority.

Be glad the chains got moved on this issue at all, is where I’m at.