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Investments glossary

Qualified Disclaimer


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Quotes of the day:

All that glitters is not gold, and things that look warm are often cold!

— Yassine Aumerally

A qualified disclaimer is a refusal to accept property that meets the provisions set forth in the Internal Revenue Code (IRC) Tax Reform Act of 1976, allowing for the property or interest in property to be treated as an entity that has never been received. Section 2518 of the IRC permits a beneficiary of an estate or trust to make a qualified disclaimer so that it is as though the beneficiary never received the property, for tax purposes.1


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