Prospectus supplement US007924AH66 - Aegon

TAXATION IN THE UNITED STATES
This discussion is the opinion of Allen & Overy LLP insofar as it relates to matters of U.S. federal
income tax law and describes certain material U.S. federal income tax consequences to beneficial
holders of securities. This section addresses only the U.S. federal income tax considerations for holders
that acquire the securities at their original issuance and hold the securities as capital assets. This
section does not address all U.S. federal income tax matters that may be relevant to a particular
prospective holder. Each prospective investor should consult a professional tax advisor with respect to
the tax consequences of an investment in the securities. This section does not address tax
considerations applicable to a holder of security that may be subject to special tax rules including,
without limitation, the following:
• financial institutions;
• insurance companies;
• dealers or traders in securities or currencies;
• tax-exempt entities;
• regulated investment companies;
• persons that will hold the securities as part of a ‘‘hedging’’ or ‘‘conversion’’ transaction or as a
position in a ‘‘straddle’’ for U.S. federal income tax purposes;
• persons who hold the securities through partnerships or other pass-through entities;
• holders that own (or are deemed to own) 10% or more of the voting shares of the relevant
issuer or guarantor; and
• holders that have a ‘‘functional currency’’ other than the U.S. dollar.
Further, this section does not address alternative minimum tax consequences or the indirect effects
on the holders of equity interests in a holder of security.
This discussion does not cover every type of security, such as warrants, units or purchase contracts,
that may be issued under this prospectus. If we intend to issue a security of a type not described in this
section, or if there are otherwise special tax consequences with respect to the security that are not
covered herein, additional tax information will be provided in the prospectus supplement or pricing
supplement for the applicable security.
This section is based on the U.S. Internal Revenue Code of 1986, as amended (the ‘‘Code’’), U.S.
Treasury regulations (the ‘‘Treasury regulations’’) and judicial and administrative interpretations, in
each case as in effect and available on the date of this prospectus. All of the foregoing are subject to
change, which change could apply retroactively and could affect the tax consequences described below.
Each prospective investor should consult its own tax advisor with respect to the U.S. federal, state,
local and foreign tax consequences of acquiring, owning or disposing of the securities.
For the purposes of this section, a ‘‘U.S. holder’’ is a beneficial owner of securities that is, for U.S.
federal income tax purposes:
• a citizen or resident of the United States;
• a corporation, or other entity that is treated as a corporation for U.S. federal income tax
purposes, created or organized in or under the laws of the United States or any state of the
United States (including the District of Columbia);
• an estate, the income of which is subject to U.S. federal income taxation regardless of its source;
or
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