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Hello and thank you for allowing me to assist you.
No, you will not have to pay tax on this gift from your brother. Gifts are not subject to income tax in the United Kingdom.
You may have to pay inheritance tax if your brother passes away before the 7 years have passed (IHT rules ).
Your brother will need to report the gift he makes to you under US laws. He can only give $15000 (US dol) in a year to any one person. You are not obligated under US laws to report the gift though.
Summary: No UK or US tax for you on this gift.
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Which dollar limit are you asking about?
That part is for your brother.
You have no reporting issues for US on this.
Please let me know if you need more information.If not then please scroll up to see the STARS to rate so I am credited.
Banking issues are different than tax on the amount.
A transfer from a bank account to a bank account rarely require reporting. Cash attracts attention.
There is no indication that would occur.
Follow ups are welcome.
This remains available to you even after you rate.
You are most welcome.