Gifting money to Niece

This discussion explores the tax implications and legal requirements when gifting a significant sum of money, such as Rs. 10 lakh, to a niece in the UK. The conversation clarifies whether a niece falls under the definition of a 'relative' for tax purposes and the potential tax liabilities for both the giver and receiver. Advice is also given on the necessary documentation, like a gift deed, to ensure the transaction is legitimate.