Re:Try a VM setup. (Score 1)

I have exactly the same setup - personal MacBook Pro, running an official company sanctioned (and licensed) Windows XP image from the IT Dept. Works quite nicely. The image is backed up to Time Machine, so when I travel for personal reasons, I simply delete it and restore it when I come home.

It could get ugly legally, but with a decent lawyer you should be able to prove the logical separation, and let whomever needs it take the copy of the VM and do whatever they want with it while keeping your personal stuff intact and private. I wouldn't be surprised if this starts to become the norm in the tech industry, as it solves lots of problems for employees who frequently cross the work/home/life balance.

Note that I primarily work from home, which makes things a bit simpler.