Family transfers

[ray1970]

My dad gifts me money occasionally even to this day.

I think the kid could gift him the firearm and if the dad decides to gift him some money then that?s just what family does.

[O2HeN2]

I don't agree with the law, so don't beat me up about my reply.

Oh, and IANAL.

The applicable part in the Colorado Revised Statutes that covers transfers between family members is 18-12.112 (6) (b). It specifies when a transfer DOES NOT require a background check.

A transfer that is a bona fide gift or loan between immediate family members, which are limited to spouses, parents, children, siblings, grandparents, grandchildren, nieces, nephews, first cousins, aunts, and uncles;

The key terminology is "bona fide gift".

"Gifting" the son a firearm and then "selling" him a box of ammo for $750 (or "gifting" money) would not hold up in court. Under questioning it would become very clear that the ammo sale or money gift was actually to compensate for the firearm "gift" or you'd be committing perjury in short order.

The law's pretty clear and unambiguous here, and I'm just giving the straight, legal answer.

O2