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re: Suppressor wait time

Posted on 9/1/20 at 2:07 pm to
Posted by TigernMS12
Member since Jan 2013
5538 posts
Posted on 9/1/20 at 2:07 pm to
If you buy as an individual and then transfer it into a trust after you take possession you’ll get it sooner as the wait time is less on individual vs trust approvals. That way it eventually ends up in a trust but you can actually take possession of it during the wait time while it’s transferred from your name only into the trust.
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 9/1/20 at 7:21 pm to
quote:

If you buy as an individual and then transfer it into a trust after you take possession you’ll get it sooner as the wait time is less on individual vs trust approvals. That way it eventually ends up in a trust but you can actually take possession of it during the wait time while it’s transferred from your name only into the trust.


You have to buy two tax stamps to do that, though.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66495 posts
Posted on 9/2/20 at 8:37 am to
quote:

If you buy as an individual and then transfer it into a trust after you take possession you’ll get it sooner as the wait time is less on individual vs trust approvals.


well yeah, but you have to pay another $200
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