The Firing Line Forums

Go Back   The Firing Line Forums > The Hide > NFA Guns and Gear

Reply
 
Thread Tools Search this Thread
Old February 4, 2008, 07:30 PM   #1
Will1234
Junior Member
 
Join Date: February 2, 2008
Posts: 5
Dealer owned Pre-86 Samples

If a C3 dealer has a pre-86 sample and still has his SOT, could that same Pre-86 sample be transferred to a non-dealer on a form 4? Basically, is a dealer who owns a pre-86 sample able to sell it to whomever he desires assuming all NFA rules are followed? Is there a 'dealer only' type of caveat active while he has a valid SOT? Lastly, concerning dealer to dealer transfers of pre-86 samples, do the prices of these transactions compare to the same transaction between a civilian and dealer? In other words, are sales of pre items between 2 dealers done at a cheaper level than a sale to a civilian?

Thanks in advance.

Will
Will1234 is offline  
Old February 4, 2008, 09:31 PM   #2
VUPDblue
Senior Member
 
Join Date: December 18, 2005
Location: Central Indiana
Posts: 1,981
Pre samples are only for sale to dealers. They cannot be transfered to non-licensees on a Form4. Generally, pre-samples are quite a bit cheaper than transferables, unless the firearm in question is ultra-rare. For example, pre-samples of BAR's are still in the $15k range, however pre-sample MP5's are only in the $5k-7k range.
__________________
Silencers have NEVER been illegal !
VUPDblue is offline  
Old February 4, 2008, 10:38 PM   #3
Will1234
Junior Member
 
Join Date: February 2, 2008
Posts: 5
Would this be true after giving up the SOT and transferring the firearm to themselves as personal property? Isn't that the biggest difference in pre and post samples. Post have to be sold of otherwise surrendered when the SOT is terminated?
Will1234 is offline  
Old February 4, 2008, 11:50 PM   #4
9mmHP
Senior Member
 
Join Date: February 14, 2007
Location: Indiana/Indpls Metro Area
Posts: 318
Yes, pre-samples can be retained, post-samples would have to be transferred out. On the pre-samples next transfer though they would have to go to another dealer, not a non-dealer individual.
9mmHP is offline  
Old February 5, 2008, 08:05 AM   #5
VUPDblue
Senior Member
 
Join Date: December 18, 2005
Location: Central Indiana
Posts: 1,981
Yes, what he said. Now, I have heard of at least one case where BATFE got their panties in a bunch when someone became an SOT just to grow their own collection of pre-samples and only sold one or two items... Don't get any ideas...
__________________
Silencers have NEVER been illegal !
VUPDblue is offline  
Old February 5, 2008, 11:53 AM   #6
shaggy
Senior Member
 
Join Date: October 9, 2004
Posts: 1,519
Quote:
I have heard of at least one case where BATFE got their panties in a bunch when someone became an SOT just to grow their own collection of pre-samples and only sold one or two items... Don't get any ideas...
Will - this is an example of the tax evasion problem I mentioned in your other post about getting a FFL/SOT to buy samples. If there's not enough activity on the license (other than transfers to yourself) BATFE can make a case you got the license not in a bonafide attempt to do business, but rather to enhance your own collection. At the least, you'd probably lose the license, at the worst, you could possibly face charges of tax evasion.

And while the difference in prices between presamples and transferables may seem steep, its not really that much given the significantly smaller market for presamples than for transferables or C&Rs.
shaggy is offline  
Old February 5, 2008, 03:57 PM   #7
Will1234
Junior Member
 
Join Date: February 2, 2008
Posts: 5
Thanks everyone for your input. I ask thes questions not to find a way around paying the tax or to try and find a loophole I could slip through. I am trying to understand what the rules are and how they should be interpreted. I didn't want to purchase a 10K firearm to only later find out that I could have gone to a local dealer(a friend) who could have transferred a 'keeper' after he terminated his sot.
Will1234 is offline  
Old February 5, 2008, 05:52 PM   #8
VUPDblue
Senior Member
 
Join Date: December 18, 2005
Location: Central Indiana
Posts: 1,981
Don't take this the wrong way, but you are far from the first to try and find this solution. If there were a way around paying top-dollar for a MG, then lots of people would have been doing it already.
__________________
Silencers have NEVER been illegal !
VUPDblue is offline  
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 05:19 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
This site and contents, including all posts, Copyright © 1998-2021 S.W.A.T. Magazine
Copyright Complaints: Please direct DMCA Takedown Notices to the registered agent: thefiringline.com
Page generated in 0.05908 seconds with 8 queries