The House of Lords is set to scrutinise the government’s controversial inheritance tax overhauls. The government is pressing ahead with the inheritance tax reforms, despite criticism. The House of Lords Finance Bill Sub-Committee has this week launched its own inquiry into the change. "Bereaved families will face a huge administrative burden, with the government insisting they settle the IHT bill within six months. Above this amount, landowners will pay inheritance tax at a reduced rate of 20%, rather than the standard 40%.