Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 147

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 147
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 foreign tax credits and deductions for foreign taxes depend on a U.S. holder’s particular circumstances and involve the application of complex rules to those circumstances. The temporary
guidance discussed above also indicates that the Treasury and the IRS are considering proposing amendments to the December 2021 regulations and that the temporary guidance can be relied upon until additional guidance is issued that withdraws or
modifies the temporary guidance. U.S. holders should consult their own tax advisers regarding the application of these rules to their particular situations.

Automatic Conversion of the Securities into Conversion Shares.Subject to the discussion under “—PFIC Considerations” below, a U.S. holder generally will not recognize any gain or loss in respect of the receipt of the Conversion Shares following an Automatic Conversion. Your tax basis of the Conversion Shares received will equal the tax
basis of the Securities converted and the holding period of such Conversion Shares will generally include the period during which the Securities were held prior to such Automatic Conversion. In general, your tax basis in your Securities will be
equal to the price you paid for them. Where different blocks of Securities were acquired at different times or at different prices, the tax basis and holding period of the Conversion Shares

S-91

may be determined by reference to each such block of Securities. The tax basis of any Conversion Shares received as a taxable adjustment of the Conversion Price, as described below, should be
equal to the amount included in income as a constructive distribution, as a result of such adjustment, and the holding period of such stock will commence on the date following such constructive distribution.

Conversion of the Securities into Approved Entity Shares.A conversion or exchange of Securities into Approved Entity Shares after a
Qualifying Takeover Event may be a taxable event for U.S. holders, depending upon the circumstances. If treated as a taxable event, you will recognize gain or loss equal to the difference between the fair market value of the Approved Entity Shares
you receive upon the conversion or exchange and your tax basis in the Securities. If not treated as a taxable event, the consequences to a U.S. holder with respect to the receipt of Approved Entity Shares after a Qualifying Takeover Event should be
the same as described above in “—Automatic Conversion of the Securities into Conversion Shares,” with respect to the receipt of Conversion Shares following an Automatic Conversion.

Sale or Redemption of the Securities and Conversion Shares or Cancellation of the Securities pursuant to the U.K. Bail-inPower. Subject to the discussion under “—PFIC Considerations” below, you will generally recognize capital gain or