The valuation of pensions and permanent outgoings was revised by the Austrian Budget Accompanying Act (BBG) of 2003. The method of valuation is specified in the decree of the Austrian Ministry of Finance of 17 December 2003.
The Ministry of Finance has made available a free program that makes it possible to calculate the cash-related factors and values of pensions, regular encumbrances and permanent outgoings payable on the death of one or more persons. How accurate the results are depends on what you enter. There are help texts to guide you for each entry field. However, please note that only the notification issued by your responsible tax office has legal validity.