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Posted: 11/25/2014 10:14:52 PM EDT
[#1]
Tag for interest.
I don't have an educated answer for you, sorry. |
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Posted: 11/25/2014 10:15:36 PM EDT
[#2]
Well I tossed it up for sale for what I thought was fair, we'll see. Had one nibble so far. I put it up for 700 with the gear that comes on it.
Justin
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Posted: 11/26/2014 8:21:23 AM EDT
[#3]
What's the process for selling a previously NFA registered 556 upper?
New owner pays transfer tax, or is there a process to de-register it? |
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Posted: 11/26/2014 10:49:28 AM EDT
[#4]
Quote HistoryQuoted:
What's the process for selling a previously NFA registered 556 upper? New owner pays transfer tax, or is there a process to de-register it? Previous owner just sends a lettre to BATFE asking to deregister it, stating it is no longer in NFA configuration. You dont pay the tax unless it stays NFA and is transferred on a form 4. |
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Posted: 11/26/2014 10:53:54 AM EDT
[#5]
Quote HistoryQuoted: Previous owner just sends a lettre to BATFE asking to deregister it, stating it is no longer in NFA configuration. You dont pay the tax unless it stays NFA and is transferred on a form 4. Quote HistoryQuoted: Quoted: What's the process for selling a previously NFA registered 556 upper? New owner pays transfer tax, or is there a process to de-register it? Previous owner just sends a lettre to BATFE asking to deregister it, stating it is no longer in NFA configuration. You dont pay the tax unless it stays NFA and is transferred on a form 4. Just so I understand this correctly...if you have an SBR for say...a couple of years. You've paid the tax stamp, physically had the stamp, and then you decide to sell both the upper and lower. You can submit a letter to the NFA for the lower/upper to become unregistered, and even after all those years, they will refund you the $200? Do I understand this correctly? |
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Posted: 11/26/2014 10:56:37 AM EDT
[#6]
Quote HistoryQuoted:
Just so I understand this correctly...if you have an SBR for say...a couple of years. You've paid the tax stamp, physically had the stamp, and then you decide to sell both the upper and lower. You can submit a letter to the NFA for the lower/upper to become unregistered, and even after all those years, they will refund you the $200? Do I understand this correctly? Quote HistoryQuoted:
Quoted:
Quoted:
What's the process for selling a previously NFA registered 556 upper? New owner pays transfer tax, or is there a process to de-register it? Previous owner just sends a lettre to BATFE asking to deregister it, stating it is no longer in NFA configuration. You dont pay the tax unless it stays NFA and is transferred on a form 4. Just so I understand this correctly...if you have an SBR for say...a couple of years. You've paid the tax stamp, physically had the stamp, and then you decide to sell both the upper and lower. You can submit a letter to the NFA for the lower/upper to become unregistered, and even after all those years, they will refund you the $200? Do I understand this correctly? No, you don't get your tax stamp money back. You can only get it refunded if you never assemble/make the NFA weapon. |
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Posted: 11/26/2014 11:07:14 AM EDT
[#7]
Quote HistoryQuoted: No, you don't get your tax stamp money back. You can only get it refunded if you never assemble/make the NFA weapon. Quote HistoryQuoted: Quoted: Quoted: Quoted: What's the process for selling a previously NFA registered 556 upper? New owner pays transfer tax, or is there a process to de-register it? Previous owner just sends a lettre to BATFE asking to deregister it, stating it is no longer in NFA configuration. You dont pay the tax unless it stays NFA and is transferred on a form 4. Just so I understand this correctly...if you have an SBR for say...a couple of years. You've paid the tax stamp, physically had the stamp, and then you decide to sell both the upper and lower. You can submit a letter to the NFA for the lower/upper to become unregistered, and even after all those years, they will refund you the $200? Do I understand this correctly? No, you don't get your tax stamp money back. You can only get it refunded if you never assemble/make the NFA weapon. I see. Is there any expiration date to declare whether or not the weapon was ever assembled? I mean only you would know if it was ever assembled... |
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Posted: 11/26/2014 12:41:12 PM EDT
[#8]
Quote HistoryQuoted:
I see. Is there any expiration date to declare whether or not the weapon was ever assembled? I mean only you would know if it was ever assembled... Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Quoted:
What's the process for selling a previously NFA registered 556 upper? New owner pays transfer tax, or is there a process to de-register it? Previous owner just sends a lettre to BATFE asking to deregister it, stating it is no longer in NFA configuration. You dont pay the tax unless it stays NFA and is transferred on a form 4. Just so I understand this correctly...if you have an SBR for say...a couple of years. You've paid the tax stamp, physically had the stamp, and then you decide to sell both the upper and lower. You can submit a letter to the NFA for the lower/upper to become unregistered, and even after all those years, they will refund you the $200? Do I understand this correctly? No, you don't get your tax stamp money back. You can only get it refunded if you never assemble/make the NFA weapon. I see. Is there any expiration date to declare whether or not the weapon was ever assembled? I mean only you would know if it was ever assembled... That I don't know. I am interested in the answer though; I have an approved Form 1 I never got all the parts for. |
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Posted: 11/26/2014 7:24:48 PM EDT
[#9]
Quote HistoryQuoted:
Just so I understand this correctly...if you have an SBR for say...a couple of years. You've paid the tax stamp, physically had the stamp, and then you decide to sell both the upper and lower. You can submit a letter to the NFA for the lower/upper to become unregistered, and even after all those years, they will refund you the $200? Do I understand this correctly? Quote HistoryQuoted:
Quoted:
Quoted:
What's the process for selling a previously NFA registered 556 upper? New owner pays transfer tax, or is there a process to de-register it? Previous owner just sends a lettre to BATFE asking to deregister it, stating it is no longer in NFA configuration. You dont pay the tax unless it stays NFA and is transferred on a form 4. Just so I understand this correctly...if you have an SBR for say...a couple of years. You've paid the tax stamp, physically had the stamp, and then you decide to sell both the upper and lower. You can submit a letter to the NFA for the lower/upper to become unregistered, and even after all those years, they will refund you the $200? Do I understand this correctly? No, I did not mention anything about a refund. |
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Posted: 11/26/2014 8:57:54 PM EDT
[#10]
You don't even have to tell the atf about it not being NFA anymore, but it's a cover your own ass kind of thing to go ahead and let them know.
I had a buyer lined up but then he flaked because his "class III" dealer told him that once an NFA item, always an NFA item. That is patently false. I even provided him the ATF words to prove it, but he's going to "trust his guy." Just another example of uninformed dealers misleading customers. It never ceases to amaze just how uninformed a lot of dealers are, but people think that because they have a license, that the dealer knows all. Justin
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Posted: 11/26/2014 9:05:53 PM EDT
[#11]
Quote HistoryQuoted:
You don't even have to tell the atf about it not being NFA anymore, but it's a cover your own ass kind of thing to go ahead and let them know. I had a buyer lined up but then he flaked because his "class III" dealer told him that once an NFA item, always an NFA item. That is patently false. I even provided him the ATF words to prove it, but he's going to "trust his guy." Just another example of uninformed dealers misleading customers. It never ceases to amaze just how uninformed a lot of dealers are, but people think that because they have a license, that the dealer knows all. Justin Not removing it from the registry is stupid. It's a two minute letter, and can save you thousands in legal fees when some hardon decides to push the issue of illegally transferring an NFA weapon. You know the law. They know the law. The law is grey enough that it can cause you a world of hurt before you prove yourself right. |
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Posted: 11/26/2014 9:09:05 PM EDT
[#12]
I agree wholeheartedly. Made sure they had the letter before I put my thing up for sale.
Justin
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