I'm sure you kept a bill of sale for them allI sold all my braces at a garage sale.
I'm sure you kept a bill of sale for them allI sold all my braces at a garage sale.
So if someone already has current suppressors or sbrs, and had pistol braced handguns. Then what would be the drawback of registering those "handguns" as now sbrs? Especially if someome may have wanted to sbr it at somepoint anyway. In theory could register it, get approval, and chance the brace over to a stock at some point?Yes, but no stamp just an approved letter and the satisfaction of knowing that the atf knows exactly where you are.
Also I'm sure everyone who sold braces have already turned over sales records. So they know anyways.
Ofcourse none of us would violate any laws.
When is the "last" day for registering/free stamps? May 31?
Yes, but no stamp just an approved letter and the satisfaction of knowing that the atf knows exactly where you are.
Also I'm sure everyone who sold braces have already turned over sales records. So they know anyways.
Ofcourse none of us would violate any laws.
I thought I did both quite expertly.You could have just answered the question or not said anything at all.
Supposedly, firearms already listed in the trust prior to "rule change" implementation date are exempt from the $200 transfer into trust.The rule was published Jan 31 with a 120-day window for a tax deferred stamp. At some point, whatever NFA item has a deferred stamp will have to be transferred* and the tax will be due unless the firearm is later deregistered, forfeited, or destroyed to ATF’s satisfaction.
*ATF is only allowing personal registrations (no trusts) for the deferred tax. I guess you could also do a normal F1 to a trust and pay the $200 even though ATF’s commentary and matrix don’t specifically address this.
So if someone already has current suppressors or sbrs, and had pistol braced handguns. Then what would be the drawback of registering those "handguns" as now sbrs? Especially if someome may have wanted to sbr it at somepoint anyway. In theory could register it, get approval, and chance the brace over to a stock at some point?
I guess the main limiting factor is that firearm would now require a stamp for someone else if ever selling it? And different travel restrictions with it?
I think it's irrelevant to debate what their definition of "is" is until the law suits are all sorted out.
When is the "last" day for registering/free stamps? May 31?
Yes, but no stamp just an approved letter and the satisfaction of knowing that the atf knows exactly where you are.
Also I'm sure everyone who sold braces have already turned over sales records. So they know anyways.
Ofcourse none of us would violate any laws.
The rule was published Jan 31 with a 120-day window for a tax deferred stamp. At some point, whatever NFA item has a deferred stamp will have to be transferred* and the tax will be due unless the firearm is later deregistered, forfeited, or destroyed to ATF’s satisfaction.
*ATF is only allowing personal registrations (no trusts) for the deferred tax. I guess you could also do a normal F1 to a trust and pay the $200 even though ATF’s commentary and matrix don’t specifically address this.
Supposedly, firearms already listed in the trust prior to "rule change" implementation date are exempt from the $200 transfer into trust.
So if someone already has current suppressors or sbrs, and had pistol braced handguns. Then what would be the drawback of registering those "handguns" as now sbrs? Especially if someome may have wanted to sbr it at somepoint anyway. In theory could register it, get approval, and chance the brace over to a stock at some point?
I guess the main limiting factor is that firearm would now require a stamp for someone else if ever selling it? And different travel restrictions with it?
Much appreciated for this info! I have some firearms that I would do this for but are kind of collectible. I assumed they would have to be engraved. If they don't need to be engraved, that does help with the decisionThere would be no drawback. In fact, unlike a standard SBR, you don't need to engrave, and you're allowed to keep the brace/stock on it till approval at which point you can switch to a standard stock if you wish.
If you wanted to sell it as an SBR you would have to file a Form 4 and pay the $200.
Or like any other SBR, you can take it out of the SBR configuration, by removing the short upper/barrel and selling the lower as normal, replacing the short upper/barrel and selling as normal.
If you do this it's common courtesy to inform the ATF and have it removed from the registry so that someone down the line doesn't have a problem building a SBR on the receiver.
You know the free tax stamp only applies to braced pistols, right?Much appreciated for this info! I have some firearms that I would do this for but are kind of collectible. I assumed they would have to be engraved. If they don't need to be engraved, that does help with the decision
Yes, have some pcc's that were limited runs that have braces. Wasn't going to convert them if I had to engrave.You know the free tax stamp only applies to braced pistols, right?
There are 2 drawbacks that no one talks about.There would be no drawback. In fact, unlike a standard SBR, you don't need to engrave, and you're allowed to keep the brace/stock on it till approval at which point you can switch to a standard stock if you wish.
If you wanted to sell it as an SBR you would have to file a Form 4 and pay the $200.
Or like any other SBR, you can take it out of the SBR configuration, by removing the short upper/barrel and selling the lower as normal, replacing the short upper/barrel and selling as normal.
If you do this it's common courtesy to inform the ATF and have it removed from the registry so that someone down the line doesn't have a problem building a SBR on the receiver.
There are 2 drawbacks that no one talks about.
#1 You made a pistol into a rifle. The rifle can not be used in the same manner as a pistol in most states with regard to CHL/LTC license privileges. Technically I can carry my pistol under my coat legally.
#2 You can not cross state lines with an SBR without prior ATF forms and authorizations. This has to be done in advance by several weeks. Not hard but time consuming, and they can be a real PIA if they want too. I was rejected twice for address issues that they felt were inconsistent on my destination. It took me >2 months to get my approvals done.
You need to know if those items apply to your use senerios.
Much appreciated for this info! I have some firearms that I would do this for but are kind of collectible. I assumed they would have to be engraved. If they don't need to be engraved, that does help with the decision