For individuals who are both tax resident and domiciled in Cyprus, the rental income is subject to 3% defence on the 75% total rental income. In addition, rent received after the 1/6/2020 is subject to 2.65% GESY contribution if the landlord is Cyprus resident. Finally, 80% of the rental income is subject to income tax after deducting interest on loans taken to purchase the property and wear & tear allowance of 3%/4% on the buildings value (excluding land).