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andyp-
That too but it is harder as people play all sorts of games with offshoring etc.
Property is really easy as it is here and if you don't pay the state can record that on the deeds and recover at sale/transfer time.
If you are a multi-billionaire with a massive property in Mayfair you get to contribute a lot. If you are a little old lady living in a rented council flat you pay nothing. If you bought a house in Hampstead 60 years ago and can't afford the tax because you are now a little old lady with no income then no problem, it becomes due when you die.
Property might become a less attractive investment for many and be about providing homes first.
jellybaby
I'd rather a property tax (1% of property value per year perhaps?) but great public services cost money.