In Options, View Settings, towards the bottom you will find the clipping plane settings. If you set the plane colors to something and then set the Opacity setting down towards zero, the planes become transparent however the model will appear hollow. The best way to get what you are wanting is to use PMI sections as they will maintain the part edge/face colors.
Many thanks for the reply, the PMI section was exactly what I was looking for.
The clip plane command is for more quick viewing of sections.