5 PPT per year rule

[Oldmandan]

First off, Im asking for a friend....

Its my understanding that there is a “5 per” year rule for PPT sales

He’s looking to move out of state right now, and has 8 pistols he wants to sell before he goes. He could really use the cash for moving expenses.

He’s already done 2 ppt sale transactions this year

So the question is... does the DOJ have a mechanism to prevent him from going over 5 transactions.

[billped]

There's no limit on the number of handguns one can buy or sell in a year.

[690 Enduro R]

Five is the limit you can sell in one year .

[deephouse]

[deephouse]

Five is the limit you can sell in one year .

You can have 5 pistols on one DROS and it would count as 1 transaction.




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[IWillTakeIt]

First off, Im asking for a friend....

So the question is... does the DOJ have a mechanism to prevent him from going over 5 transactions.

[code_blue]

I have witnessed many people perform more than 5 pistol sale transactions per year by a private person. I have yet to witness enforcement of that law.

It is up to your friend what he/she wishes to do.

[Barbarosa]

As already stated, fewer than 6 transactions but multiple guns allowed per transaction. However, I know folks who routinely exceed the limit and have never had a problem - not that I recommend it.

[Rambo, John J.]

Bundle some of the sales. Try to sell more than one firearm per transaction.

If he sells more than 5 transactions, Kali might want to keep him here and help him move but into the "Big House."

[Yodaman]

There's no limit on the number of handguns one can buy or sell in a year.

[P5Ret]

There's no limit on the number of handguns one can buy or sell in a year.

Try to buy 13 handguns out of dealer stock. Or more than 1 in 30 days in LA, I think the 1 in 30 rule is pretty good at setting a limit.

[Yodaman]

Try to buy 13 handguns out of dealer stock. Or more than 1 in 30 days in LA, I think the 1 in 30 rule is pretty good at setting a limit.

☝️ good way of putting it


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[Cokebottle]

Try to buy 13 handguns out of dealer stock. Or more than 1 in 30 days in LA, I think the 1 in 30 rule is pretty good at setting a limit.

1 in 30 limits dealer stock, but (outside of LA) PPT are still unlimited even with dealer purchases interspersed, so you could still legally buy 365 (or more) handguns in one year... and ya, that might draw some attention, but in and of itself, it is not illegal.

[Litespeeds]

Your friend is moving out of CA so what does he have to worry about? Just sell everything as he can replace most of them when he moves to a free state.

[OlderThanDirt]

Well, friend, what do you have for sale?

All seriousness aside, the 5 per year rule is intended to prevent someone from making a living selling guns without an FFL. Estates are clearly exempt from this "rule", and liquidating a collection would be very similar. I know a few people that have sold off large collections either because they were just plain old, or were moving out of state. If this is a collection that has been held for a long time, there shouldn't be an issue. If it is eight of the same gun, well, the booty bandit may be waiting.