Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 146

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 146
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, conversion or other disposition of such non-U.S. currency generally will be treated as ordinary income or loss and generally will be income or loss from sources within the United States.

The amount of income you will receive as a result of an interest payment on the Securities and distributions on the Conversion Shares
will include amounts, if any, withheld in respect of U.K. taxes. For more information on U.K. withholding taxes, please see the discussion under “—United Kingdom Taxation” in this prospectus supplement. Subject to complex
limitations and conditions, some of which may vary depending upon your circumstances, U.K. income taxes withheld from interest payments on the Securities and distributions on Conversion Shares to a U.S. holder not eligible for an exemption from U.K.
withholding tax (under the Treaty or otherwise) may be creditable against the U.S. holder’s U.S. federal income tax liability. These generally applicable limitations and conditions include requirements adopted by the IRS in regulations
promulgated in December 2021, and any U.K. tax will need to satisfy these requirements in order to be eligible to be a creditable tax for a U.S. holder. In the case of a U.S. holder that consistently elects to apply a modified version of the foreign
tax credit rules under recently issued temporary guidance, and complies with specific requirements set forth in such guidance, the U.K. tax on interest payments on the Securities and distributions on the Conversion Shares generally will be treated
as meeting the new requirements and therefore as a creditable tax. In all other cases, the application of these requirements to the U.K. tax on the Securities and distributions on Conversion Shares is uncertain and we have not determined whether
these requirements have been met. If the U.K. tax on the Securities and distributions on Conversion Shares is not a creditable tax for a U.S. holder or the U.S. holder does not elect to claim a foreign tax credit for any foreign income taxes paid or
accrued within the same taxable year, the U.S. holder may be able to deduct the U.K. tax on the Securities and distributions on Conversion Shares in computing such U.S. holder’s taxable income for U.S. federal income tax purposes. Amounts we
pay with respect to the Securities and Conversion Shares will be considered foreign source income to U.S. holders, and for U.S. holders that elect to claim foreign tax credits, will generally constitute “passive” income for foreign tax
credit purposes. The availability and calculation of