Immediate Family members is one thing,but if you fill out the 4473 to buy a gun knowing that you will be giving it to a "Close Friend" then you have lied on the 4473 and committed a STRAW PURCHASE.Back when the FN 5.7 was all the rage, down here they had a lady that bought 10 in a short period of time,when the ATF showed up requesting to see the guns, she couldn't produce one nor did she know where they went.
The Sheriffs Reserve bought the outgoing Sheriff (retired) a Glock 17 with his badge(Sheriffs 5 pointed star) engraved on it. It was explained to us by the local ATF examiner that since it was a gift, and since the Sherrif was known to us, that it was a legal transaction.
A "gift" is not a straw purchase. A straw purchase is buying a gun with the intent to resale to another indvidual, or buying one for an individual, them giving you the money to purchase it.
The question asks: Are you the actual transferee/buyer of the firearms(s) listed? And then in bold (Warning,you are not the actual buyer if you are aquiring the firearm on behalf of another person. IF you are not the actual buyer, the dealer cannot transfer the firearm(s) to you.
I just had this explained to me as I went through an ATF NFA Audit last week by the Examiner. You are the buyer. You own it. You give it as a gift to a non-prohibited person. You are good. Of course that was my Examiner. An anti-gun one in New England might thinkj different.
The lady buying 10 of them for resale would have been engaged in the buisness without a liscense...something that the ATF takes a very dim view of. She bought them with intent to resale.If she could have shown that she gave them away as gifts, she would have been OK.
This "gift" thing is much mistunderstood by most people. People are so "gun shy" these days its no wonder.