Windows 8.1 Pro - Licencing Question

I am about to buy a new laptop.  I also intend to buy a full retail copy of Windows 8 Pro so that I can install (and reinstall) windows as required without having to endure the manufacturer's "extras".  I will therefore effectively be
discarding the OEM licence of Windows 8.1 Pro that comes with the laptop - I will boot the machine straight into the installation media if that makes a difference to the scenarios below.
My questions are as follows:  
I would like to install my full Retail copy of Win8 into two separate hard drive partitions on the
same computer.  Let's call the partitions "Work" and "Play", the intention is to separate any games I install away from my work config (and also stop my work machine from getting slowed down waiting for Steam).  Obviously,
only one of the installations could possibly be active at one time and the hardware would be identical.  Would Microsoft expect me to buy two licences for this or can I use the same key twice?  (I know that the OEM key cannot be used on a fresh install).
Is it legal to install my retail copy of Win8 into a Virtual Machine on the laptop running the same retail copy?  The VM will only ever be used on the laptop that is running the licensed copy of Windows.
Thanks in anticipation.

Hi,
According to Windows 8.1 license terms:
Under our license, we grant you the right to install and run that one copy on one computer (the licensed computer), for use by one person at a time, but only if you comply with all the terms of this agreement. Typically, this means you can install one
copy of the software on a personal computer and then you can use the software on that computer.
It's not allowed to use one personal license at two system at the same time.
For more questions, you can check Windows license terms in your computer:
System\About Windows\Microsoft Software License Terms
Also you can access the link below to read the license:
http://download.microsoft.com/download/7/2/1/72103B1C-DE58-478C-BECF-4D846C2B4A15/UseTerms_Retail_Windows_8.1_Pro_update_(to_Windows_8_Pro_which_was_acquired_from_retail_or_Microsoft)_English.pdf
Roger Lu
TechNet Community Support

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