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of <h1>As Passed Section 33 narrows Clause 33: limits intangible depreciation to post-1998 assets, adds anti-duplication ceiling, shifts 50% short-use rule</h1> The comparison highlights that the As Passed Section 33 refines and narrows Clause 33 in the Bill: it standardises 'deduction' language, limits intangible asset depreciation to assets acquired on or after 1 April 1998, and repositions the 50% short-use restriction to different subsections. The As Passed adds an explicit ceiling preventing duplicate depreciation post-reorganisation, tightens wording on proportionate restrictions (focusing on listed tangible categories), and alters cross-references for written-down value. Practically, taxpayers must track acquisition dates, days of use, prior section-54 claims and reorganisation allocations; prescribed rates and carry-forward mechanics remain determinative.
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