set sth against sth

set sth against sth
Ⅰ.
UK US set sth (off) against sth
Phrasal Verb with set({{}}/set/ verb (setting, set, set)
ACCOUNTING to use or record one thing, especially the cost of something, in order to reduce or remove the effect of another: »

Costs of new equipment or machinery, such as a computer, can also be set against tax.

»

The rules do not allow surpluses over book value in other parts of the business to be set off against reductions elsewhere.

Ⅱ.
UK US set sth (off) against sth
Phrasal Verb with set({{}}/set/ verb (setting, set, set)
TAX to say that an amount of money should be considered a cost of your business and that therefore you should not pay tax on it: »

You can set off anything you spend on computer equipment against tax.


Financial and business terms. 2012.

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Look at other dictionaries:

  • set sth off against sth — Ⅰ. UK US set sth (off) against sth Phrasal Verb with set({{}}/set/ verb (setting, set, set) ► ACCOUNTING to use or record one thing, especially the cost of something, in order to reduce or remove the effect of another: »Costs of new equipment or… …   Financial and business terms

  • set sth off — UK US set sth off Phrasal Verb with set({{}}/set/ verb (setting, set, set) ► to cause an activity or event, often a series of events, to begin or happen: »Cheap money set off a boom in personal borrowing, especially against homes. »The proposed… …   Financial and business terms

  • set*/*/*/ — [set] (past tense and past participle set) verb I 1) [T] to put someone or something in a position, or to be in a particular place or position Tea s ready, he told them and set down the tray.[/ex] She set the baby on the floor to play.[/ex] 2)… …   Dictionary for writing and speaking English

  • set — set1 W1S1 [set] v past tense and past participle set present participle setting ▬▬▬▬▬▬▬ 1¦(put)¦ 2¦(put into surface)¦ 3¦(story)¦ 4¦(consider)¦ 5¦(establish something)¦ 6¦(start something happening)¦ 7¦(decide something)¦ …   Dictionary of contemporary English

  • set — 1 /set/ verb past tense and past participle set PUT DOWN 1 PUT (transitive always + adv/prep) to carefully put something down somewhere, especially something that is difficult to carry: set sth down/on etc: She set the tray down on a table next… …   Longman dictionary of contemporary English

  • SET — See: Securities Exchange of Thailand See: Stock Exchange of Thailand * * * SET SET noun [uncountable] COMPUTING secure electronic transfer a way of buying and paying for goods on the Internet that allows the safe exchange of personal and… …   Financial and business terms

  • set your face against something — british old fashioned phrase to be determined not to do or accept something Many councils have completely set their face against the idea of road humps. Thesaurus: to refuse to think about, believe or accept somethingsynonym Main entry: face …   Useful english dictionary

  • set your face against somebody — set your face against sb/sth idiom (especially BrE) to be determined to oppose sb/sth • Her father had set his face against the marriage. Main entry: ↑faceidiom …   Useful english dictionary

  • set the seal on something — set/put/the seal on something british phrase to make something definite West Indies put the seal on another glorious cricket season with their victory against England. Thesaurus: to become more definite, or to make something more definitesynonym… …   Useful english dictionary

  • set — {{Roman}}I.{{/Roman}} noun 1 group of similar things ADJECTIVE ▪ complete, entire, full, whole ▪ broad, comprehensive, huge, large …   Collocations dictionary

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