set sth off against sth

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

  • To stand against — Stand Stand (st[a^]nd), v. i. [imp. & p. p. {Stood} (st[oo^]d); p. pr. & vb. n. {Standing}.] [OE. standen; AS. standan; akin to OFries. stonda, st[=a]n, D. staan, OS. standan, st[=a]n, OHG. stantan, st[=a]n, G. stehen, Icel. standa, Dan. staae,… …   The Collaborative International Dictionary of English

  • To stand off — Stand Stand (st[a^]nd), v. i. [imp. & p. p. {Stood} (st[oo^]d); p. pr. & vb. n. {Standing}.] [OE. standen; AS. standan; akin to OFries. stonda, st[=a]n, D. staan, OS. standan, st[=a]n, OHG. stantan, st[=a]n, G. stehen, Icel. standa, Dan. staae,… …   The Collaborative International Dictionary of English

  • To stand off and on — Stand Stand (st[a^]nd), v. i. [imp. & p. p. {Stood} (st[oo^]d); p. pr. & vb. n. {Standing}.] [OE. standen; AS. standan; akin to OFries. stonda, st[=a]n, D. staan, OS. standan, st[=a]n, OHG. stantan, st[=a]n, G. stehen, Icel. standa, Dan. staae,… …   The Collaborative International Dictionary of English

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