0 to use or record one thing, especially the cost of something, in order to reduce or remove the effect of another: --
The rules do not allow surpluses over book value in other parts of the business to be set off against reductions elsewhere.
Costs of new equipment or machinery, such as a computer, can also be set against tax.
1 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.
NYA ORD
European
May 10, 2021
DAGENS ORD
Shimmer
set sth (off) against sth