Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 460

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 460
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ness, and no assurance can be provided that neither BEP nor BRELP will generate UBTI attributable to debt-financed property in the future. Tax-exempt U. S. Holders should consult their own tax advisers regarding the tax consequences of an investment in LP units.

Consequences to Non-U. S. Holders

Holding of LP Units and Other Considerations

The Managing General Partner and the BRELP General Partner intend to use commercially reasonable efforts to structure the activities of BEP and BRELP, respectively, to avoid the realization by BEP and BRELP of income

treated as effectively connected with a U. S. trade or business, including effectively connected income attributable to the sale of a “ United States real property interest”, as defined in the U. S. Internal Revenue Code. Specifically, BEP intends not to make an investment, whether directly or through an entity which would be treated as a partnership for U. S. federal income tax purposes, if the Managing General Partner believes at the time of such investment that such investment would generate income treated as effectively connected with a U. S. trade or business. If, as anticipated, BEP is not treated as engaged in a U. S. trade or business or as deriving income which is treated as effectively connected with a U. S. trade or business, and provided that a Non-U. S. Holder is not itself engaged in a U. S. trade or business, then such Non-U. S. Holder generally will not be subject to U. S. tax return filing requirements solely as a result of owning LP units and generally will not be subject to U. S. federal income tax on its allocable share of BEP’s interest and dividends from non-U. S. sources or gain from the sale or other disposition of securities or real property located outside of the United States.

In addition, if, as anticipated, BEP is not engaged in a U. S. trade or business, the amount realized by a Non-U. S. Holder upon the disposition of LP units generally will not be subject to U. S. federal income tax, including U. S. federal withholding tax. Under Section 1446(f) of the U. S. Internal Revenue Code, the transferee of an interest in a partnership that is engaged in a U. S. trade or business generally is required to withhold 10% of the amount realized by the transferor, unless the transferor certifies that it is not a foreign person. In the case