| Commentary

164 Sham transactions

| Commentary

164 Sham transactions

The law relating to sham transactions involves a totally different legal concept1 from contracting out. If the parties agreed before 1 September 1995 that there should be a letting or a licence of such a nature and kind as was converted into a letting, and in either case the letting would have been one of an agricultural holding, they could not by their documentation dress up the agreement so as to give the appearance of an agreement of a different nature and kind. Similarly if both parties agreed that the land should be used for general farming

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