A minor benefit is exempt from fringe benefits tax (FBT) where it’s both:

• less than $300 in notional taxable value, and
• unreasonable to treat it as a fringe benefit.

Notional taxable value

The notional taxable value is the value of the benefit if it was taxable. The notional taxable value must be less than $300 for the exempt minor benefit to apply. Benefits provided to associates (for example, family) are not included.

Sometimes benefits may be connected. For example, you pay for a taxi to a hotel for an employee who is attending a trade show and pay for their meals. In this case the $300 threshold applies separately to each benefit (the taxi and the meals).