Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 53

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 53
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 States to which the income is attributable) the non-U.S.holder will be subject to U.S. federal income tax on a net income basis at the rates generally applicable to U.S. persons. In addition, if a non-U.S.holder is a foreign corporation and the payment of interest is effectively connected with the non-U.S.holder’s U.S. trade or business, the non-U.S.holder may be subject to a 30% branch profits tax (or a lower rate, if available under an applicable treaty) on its effectively connected earnings and profits subject to certain adjustments. Sale, Exchange, Retirement, Redemption or Other Taxable Disposition of Notes A non-U.S.holder generally will not be subject to U.S. federal income tax on any amount which constitutes gain upon the sale, exchange, retirement, redemption or other taxable disposition of a Note, unless either of the following is true:

| • |     | The non-U.S. holder’s gain (if any) on the Note is      
 effectively connected with a U.S. trade or business; or |

| • |     | The non-U.S. holder is a nonresident alien individual and is                                                                                        
 present in the United States for 183 or more days in the taxable year within which such disposition takes place and certain other conditions exist. |

If the non-U.S.holder has a U.S. trade or business and the investment in the Notes is effectively connected with such U.S. trade or business (and, if required by an applicable U.S. income tax treaty, such non-U.S.holder maintains a “permanent establishment” or “fixed base” in the United States to which the income is attributable) the payment of the sale proceeds with respect to the Notes would be subject to U.S. federal income tax on a net basis at the rate generally applicable to U.S. persons. In addition, a foreign corporation may be subject to a 30% branch profits tax (or a lower rate, if available under an applicable treaty) on its effectively connected earnings and profits subject to certain adjustments if the foreign corporation’s investment in a Note is effectively connected with its U.S. trade or business. An individual non-U.S.holder who is subject to U.S. federal income tax because the non-U.S.holder was present in the United States for 183 days or more during the year of sale exchange, retirement, redemption or other taxable disposition of the Notes will be subject to a flat 30% tax (or lower applicable treaty rate) on the