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The Range
NFA & Class III Discussion
Selling a Trust
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<blockquote data-quote="338Shooter" data-source="post: 1666591" data-attributes="member: 3449"><p>Say you have a bunch of NFA items sitting in a trust and someone wants to buy them all from you. Could you just sell him the trust and avoid the $200 tax per item? He pays you money, you amend the trust to make him the trustee and boom.</p><p></p><p>I've been thinking about it and if that is something you can do, you could set up a separate trust for each item and sell them individually too. Would potentially make a market for used silencers and would definitely make transferable MGs easier to deal with at least locally.</p><p></p><p>What do you know about this Steve?</p><p></p><p>Not something I'm thinking about doing, just something I've been pondering in the back of my brain.</p></blockquote><p></p>
[QUOTE="338Shooter, post: 1666591, member: 3449"] Say you have a bunch of NFA items sitting in a trust and someone wants to buy them all from you. Could you just sell him the trust and avoid the $200 tax per item? He pays you money, you amend the trust to make him the trustee and boom. I've been thinking about it and if that is something you can do, you could set up a separate trust for each item and sell them individually too. Would potentially make a market for used silencers and would definitely make transferable MGs easier to deal with at least locally. What do you know about this Steve? Not something I'm thinking about doing, just something I've been pondering in the back of my brain. [/QUOTE]
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