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English definition of “set sth (off) against sth”

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.
(Definition of set sth (off) against sth phrasal verb, verb from the Cambridge Business English Dictionary © Cambridge University Press)
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