I have a BaseView something like this and I want to add alert mechanism to all my subviews
struct BaseView<Content: View>: View {
    @State var isAlertPresented = false
    let content: Content
    
    init(@ViewBuilder content: () -> Content) {
        self.content = content()
    }
    
    var body : some View {
        content.alert(isPresented: $isAlertPresented) {
            Alert(title: Text("title"))
        }
    }
}
And here is my SubView.
struct SubView: View {
    BaseView {
        Text("")
    }.onReceive(vm.publisher) { (output) in
        // here I want to trigger BaseView isAlertPresented property        
        // BaseView.isAlertPresented = true
    }
}
Can I do something like this? If yes how can I?
 
                        
If view contains BaseView it is definitely not a subview relating to it. And you should not access/manipulate internal state of other view due to single-source-of-truth violation.
Instead you have to use Binding in this scenario, like below (tested with Xcode 11.7)