set sth (off) against sth Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “set sth (off) against sth” in the English Dictionary

"set sth (off) against sth" in Business English

See all translations

set sth (off) against sth

phrasal verb with set uk   us   /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 ​allowsurpluses over ​bookvalue in other ​parts of the ​business to be set off against ​reductions elsewhere.

set sth (off) against sth

phrasal verb with set uk   us   /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 ​paytax on it: You can set off anything you ​spend on ​computerequipment against ​tax.
(Definition of set sth (off) against sth from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of set sth (off) against sth?
Add Cambridge dictionaries to your browser to your website

“set sth (off) against sth” in Business English

    Word of the Day

    costume

    the set of clothes typical of a particular country or period of history, or suitable for a particular activity

    Word of the Day

    I used to work hard/I’m used to working hard (Phrases with ‘used to’)
    I used to work hard/I’m used to working hard (Phrases with ‘used to’)
    by Kate Woodford,
    February 10, 2016
    On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

    Read More 

    farecasting noun
    farecasting noun
    February 08, 2016
    predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

    Read More