South Australia’s wealthiest family has become embroiled in a legal dispute following a costly error involving their 22-year-old heiress.
The Thomas family, founders of Thomas Foods International, is contesting a $13.2 million tax bill after Chloe Thomas,
The error reportedly stemmed from the family’s tax advisers at EY, who incorrectly named Chloe as the controlling member of the family group for the trusts.
Unbeknownst to EY, Chloe’s grandfather, Chris Thomas, had already been designated as the head of the family group, or the “test individual,” for one of the trusts.