If you are building a car from a kit and not declaring it as re-bodied (like the Sammio builds) then the only correct order is:
1. Build it
2. IVA it
3. Apply for new registration from DVLA. Then argue with DLVA if it should be Q, Age related, or current registration.
What you can't do unless you want to get into deep doo-doo is to use an old V5.
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