Company: BRSL
Filing Date: 2025-02-25
Form Type: 20-F
Source: 0001619762-25-000007
Chunk: 90

Company: Brightstar Lottery PLC
Filing Date: 2025-02-25
Form: 20-F
Item: Item 9
Chunk 90
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 state thereof or the District of Columbia;

• an estate, the income of which is includible in gross income for U. S. federal income tax purposes regardless of its source; or

• a trust if: (1) a court within the U. S. is able to exercise primary supervision over the administration of the trust and one or more U. S. persons have the authority to control all substantial decisions of the trust; or (2) the trust has a valid election in effect to be treated as a U. S. person for U. S. federal income tax purposes.

This discussion does not purport to be a comprehensive analysis or description of all potential U. S. federal income tax considerations. Each of the Parent’s shareholders is urged to consult with such shareholder’s tax advisor with respect to the particular tax consequences of the ownership and disposition of the Parent’s ordinary shares to such shareholder.

If a partnership, including for this purpose any entity or arrangement that is treated as a partnership for U. S. federal income tax purposes, holds the Parent’s ordinary shares, the tax treatment of a partner therein will generally depend upon the status of such partner, the activities of the partnership and certain determinations made at the partner level. Any such holder that is a partnership and the partners in such partnership should consult their tax advisors about the U. S. federal income tax consequences of the ownership and disposition of their ordinary shares.

Ownership and Disposition of the Parent’s Ordinary Shares

The following discusses certain material U. S. federal income tax consequences of the ownership and disposition of the Parent's ordinary shares by U. S. holders and assumes that the Parent will be a resident exclusively of the U. K. for all tax purposes.

Taxation of Distributions

Subject to the discussion below under “ Passive Foreign Investment Company Considerations,” the gross amount of distributions with respect to the Parent’s ordinary shares (including the amount of any non-U. S. withholding taxes) will be taxable as dividends, to the extent that they are paid out of the Parent’s current or accumulated earnings and profits, as determined under U. S. federal income tax principles. Such dividends will be includable in a U. S. holder’s gross income as ordinary dividend income on the day actually or constructively received by the U. S. holder. Such dividends will not be eligible for the dividends-received deduction allowed to corporations under the Code.

The gross amount of the dividends paid by the Parent to non-corporate U. S. holders may be eligible to