BP » Topics » Purchase, Sale or Retirement of Debt Securities

These excerpts taken from the BP 424B5 filed Aug 7, 2009.

Purchase, Sale or Retirement of Debt Securities

You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

 

   

the gain is effectively connected with your conduct of a trade or business in the United States; or

 

   

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions exist.

For purposes of U.S. federal estate tax, the debt securities will be treated as situated outside the United States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

 

36


Table of Contents

Purchase, Sale or Retirement of Debt Securities

You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt
security unless:

 







  

the gain is effectively connected with your conduct of a trade or business in the United States; or

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions
exist.

For purposes of U.S. federal estate tax, the debt securities will be treated as situated outside the United
States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

 


36







Table of Contents


These excerpts taken from the BP 424B5 filed May 5, 2009.

Purchase, Sale or Retirement of Debt Securities

You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

 

   

the gain is effectively connected with your conduct of a trade or business in the United States; or

 

   

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions exist.

For purposes of U.S. federal estate tax, the debt securities will be treated as situated outside the United States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

 

36


Table of Contents

Purchase, Sale or Retirement of Debt Securities

You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt
security unless:

 







  

the gain is effectively connected with your conduct of a trade or business in the United States; or

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions
exist.

For purposes of U.S. federal estate tax, the debt securities will be treated as situated outside the United
States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

 


36







Table of Contents


These excerpts taken from the BP F-3ASR filed Mar 13, 2009.

Purchase, Sale or Retirement of Debt Securities

You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

 

   

the gain is effectively connected with your conduct of a trade or business in the United States; or

 

   

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions exist.

For purposes of U.S. federal estate tax, the debt securities will be treated as situated outside the United States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

 

36


Table of Contents

Purchase, Sale or Retirement of Debt Securities

You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt
security unless:

 







  

the gain is effectively connected with your conduct of a trade or business in the United States; or

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions
exist.

For purposes of U.S. federal estate tax, the debt securities will be treated as situated outside the United
States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

 


36







Table of Contents


This excerpt taken from the BP 424B5 filed Mar 13, 2009.

Purchase, Sale or Retirement of Debt Securities

 

You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

 

   

the gain is effectively connected with your conduct of a trade or business in the United States; or

 

   

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions exist.

 

For purposes of U.S. federal estate tax, the debt securities will be treated as situated outside the United States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

 

This excerpt taken from the BP 424B5 filed Mar 6, 2009.

Purchase, Sale or Retirement of Debt Securities

 

You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

 

   

the gain is effectively connected with your conduct of a trade or business in the United States; or

 

   

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions exist.

 

For purposes of U.S. federal estate tax, the debt securities will be treated as situated outside the United States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

 

This excerpt taken from the BP 424B5 filed Nov 5, 2008.

Purchase, Sale or Retirement of Debt Securities

 

You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

 

   

the gain is effectively connected with your conduct of a trade or business in the United States; or

 

   

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions exist.

 

For purposes of U.S. federal estate tax, the debt securities will be treated as situated outside the United States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

 

This excerpt taken from the BP 424B5 filed Mar 13, 2008.

Purchase, Sale or Retirement of Debt Securities

 

You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

 

   

the gain is effectively connected with your conduct of a trade or business in the United States; or

 

   

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions exist.

 

For purposes of U.S. federal estate tax, the debt securities will be treated as situated outside the United States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

 

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