Should my second property be in my wifes name?

[James Kish]

Ive heard from a few people that if you own and occupy a current home and want to hold on to it and rent it out while buying a new home elsewhere it is best for tax purposes to put the new home in your spouses name. 

I havent been able to find anything online about this or what the specific advantages are. I purchased a condo 5 years ago that my wife and I now occupy. If we purchase a new home and rent out our current one what is the best way to set this up? Do I put the new home in my wifes name? Do I create an LLC and put the existing home into it?

Any help would be great.