Tax breaks for second home

[Bart]

I have a client who wants to receive as many tax breaks as possible and help their son buy a house. Should the home be a second home or a rental?

[joelgilb]

both options have pluses and minuses. You need to do an analysis of the benefits and detriments for the specific client, lay out the tax savings and costs in both cases and let them decide which makes the most sense. This is not a question of one over the other all the time!

Beside, consider this an additional revenu generator for your office this way as well