Example sentences of "[modal v] be set off [prep] " in BNC.

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1 Without any application to the court , the mortgagee , if his mortgage is a conveyance of the legal estate or ownership , may take possession ; but this course is hazardous , since he may be called upon in a redemption action to account strictly not only for profits actually received by him , but also for those which he might but for his default have received , and all such profits , so far as they exceed the interest due for the time being , must be set off against the principal .
2 As more JARs become part of harmonisation regulation we hope that this work and associated costs will diminish in the next year or so , and the cost of work on JARs must be set off against work not needed on BCARs .
3 In June , they 'll be setting off from Herefordshire to Austria to take part in a re-run of the 1913 Alpine Rally .
4 In the September 1992 issue of ACCOUNTANCY ( see p 111 ) , we reported a case before the Court of Appeal in which the Court was asked to make a declaration as to whether MS Fashions Ltd and MS Fashions ( Wholesale ) Ltd could be required to pay to Touche Ross , the liquidator of the Bank of Credit and Commerce International , the whole of a combined overdraft of £600,000 , or whether a deposit with BCCI by Mr Sarwar of £300,000 , which had been used as a security for the overdrafts , could be set off against the sum of £600,000 under Rule 4.90 of the Insolvency Rules 1986 .
5 The attendance allowance , being payable as of right , must be declared as income for tax purposes , but any expenses wholly and necessarily incurred in the performance of the duty ( and not otherwise reimbursed ) may be set off against it .
6 All are designed to convert pre-existing contractual rights and obligations to net monetary rights and obligations , which may be set off against one another to produce the net sums referred to above .
7 The trend of judge-made law may be set off by a case involving an atypical trade or may be located in a consumer transaction .
8 Where there have been mutual credits , debts or other mutual dealings between a company before it goes into liquidation and any other creditors , Rule 4.90 provides that account should be taken of what is due from each party , and the sums due from one shall be set off against the sums due from the other .
9 In an action under the law of England and Wales or the law of Northern Ireland for damages for personal injuries ( including any such action arising out of a contract ) any saving to the injured person which is attributable to his maintenance wholly or partly at public expense in a hospital , nursing home or other institution shall be set off against any income lost by him as a result of his injuries .
10 There , it is provided that there shall be set off against the tax charged on any amount treated by virtue of the section as income of the settlor for any year an amount equal to : 1 .
11 ENGLAND will be setting off to India after Christmas to face the mystical eastern spinners with the help of a magic carpet .
12 Olympic champion Chris Boardman is going for it he 's riding in a twenty five mile time trial and will be setting off from Cumnor at six o clock … if you want to see him he 'll be wizzing up and down the A420 and the A34 …
13 Social security benefits will be set off against your loss ; the relevant rules are contained in detailed regulations .
14 If it was clearly intended that the ex gratia sum should include an element to cover the basic award , it will be set off against that award , but not otherwise .
15 Under the proposals , they will be liable to tax on the value of the dividend plus a notional , non-payable tax credit of 20% which will be set off against their liability at the single flat rate of 35%. 28 Income which discretionary trustees use to meet trust management expenses will not be liable to tax at the single flat rate of 35% but at the lower rate of 20% ( if the income is dividends ) or at the basic rate of 25% ( if it is other income ) .
16 Obviously this would only be of benefit if there were capital gains against which the loss can be set off in the current or future years .
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