English version

set something (off) against something

From Longman Business Dictionaryset something (off) against something phrasal verb [transitive] ACCOUNTING to balance two amounts of money, so that the income you receive and the money you pay in tax, interest etc are as close to each other as possibleTrading losses can be set against income from the disposal of assets.The company will be able to set off the tax credit against part of its debt liability. set→ See Verb table
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Verb table
set
Simple Form
Present
I, you, we, theyset
he, she, itsets
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Past
I, you, he, she, it, we, theyset
Present perfect
I, you, we, theyhave set
he, she, ithas set
Past perfect
I, you, he, she, it, we, theyhad set
Future
I, you, he, she, it, we, theywill set
Future perfect
I, you, he, she, it, we, theywill have set
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Continuous Form
Present
Iam setting
he, she, itis setting
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you, we, theyare setting
Past
I, he, she, itwas setting
you, we, theywere setting
Present perfect
I, you, we, theyhave been setting
he, she, ithas been setting
Past perfect
I, you, he, she, it, we, theyhad been setting
Future
I, you, he, she, it, we, theywill be setting
Future perfect
I, you, he, she, it, we, theywill have been setting
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