How were the abolition acts different in 1807 and 1833?

The Abolition Act of 1807 made it illegal to engage in the slave trade within the British Empire, effectively ending the transportation of enslaved individuals. In contrast, the Slavery Abolition Act of 1833 went further by abolishing slavery itself throughout the empire, emancipating enslaved people in most British territories. While the 1807 act focused on trade, the 1833 act addressed the institution of slavery directly, leading to the liberation of over 800,000 enslaved individuals. Additionally, the 1833 act included provisions for compensating slave owners for their loss of "property."